Good morning Feng Feng,
You are only eligible for private housing as of now. It will be good to speak to a banker first so he/ she can advise you on the in principle approval. With this you can gauge how much loan you can obtain which in turn determine your budget.
Currently you should be able to obtain 80% bank loan (because no outstanding loan) for a max loan tenure of 30 years.
Thus your initial outlay will be as such:
1) 5% cash downpayment
2) 15% CPF OA or cash downpayment
3) estimated 3% buyer's stamp duty
4) legal fees etc.
In regards to this purchase, will you be moving back to Singapore to occupy it? Or it's purely meant for investment?
If so, you are looking at capital appreciation or rental as your priority?
Do share more information with me so I will be in a better position to advise you.
Hope to hear from you soon! Cheers.
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg
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