AskGuru Q&A Community

Hi,

For a SPR purchasing a resale EC, the Seller of the unit must have fulfill the 5-year MOP. The SPR has to be above age 21 to own a property under his/her name.

In terms of loan, it will be based on the standard LTV and TDSR requirements.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Good afternoon Sir/ Mdm,

Single SPR or SPR couple are eligible a resale EC as long as it has fulfilled 5 years minimum occupation period from their official TOP date stated on HDB website. SPR is not eligible to buy resale EC that obtained special approval to sell within MOP.

For loan wise, standard terms will be max 75% loan of property valuation (subject to 55% total debt servicing ratio of your income) and max loan tenure is lower of 30 years or up to your retirement age.

Perhaps you can share more with me so I will be in a better position to assist and advise further.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171 
Email: yt.tan91115171@gmail.com

Do follow me on:

IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki

To find out what’s the estimated valuation of your existing house, try our SRX property tracker.

You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More

Hi Sir/Madam

1. PR is eligible to buy resale EC that has fulfilled 5 years MOP
2. Loan will be max 75% loan of property valuation for your first property loan
Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.
4. How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I will be glad to assist, no agent fee from EC/ private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More