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Hi, lets make save assumptions here.

Assuming that your condo is sell at $2.4m with outstanding loan of $1.1m, The sales proceed will go to about $950k + $300k CPF ( I assumed that your CPF refund refers to CPF amount used as well as interest accrued).

With a gross income of $25k, the maximum loan amount that you can get is around $2.6mil.

So combining these two factors, The max price that you can afford is around $4.6mil if you sell your condo, which can get you a decent landed property.

If you would like to kickstart your journey in this upgrade, I can assist you further.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Dear sir/mdm,

Thank you for your update to the question. Assuming you have sold your condo at $2.4m, your cash proceeds will be in the range of about $939,000 plus CPF refund assumed at $300,000, you will have estimated funds of close to $1.25m generated from your current condo.

Basing on your age and income, your supposed loan based on 4.5% interest stress test is around $2.52m. On top of your existing cash on hand and sales proceeds generated from the sale, you can be looking into options under $4m very comfortably. I do not encourage you to max out the purchase price in this instance as there could be additional costs incurred for renovation and fitting out of the landed home that may require the cash component. I do have a handful of interesting purchases within the $4m price range for your considerations. Looking forward to assist you further. Owners are not allowed to put up their properties for rent or sale on PropertyGuru. In fact they are encouraged to engage the services of agents to market their place if required especially for rental, due to the spike in scam cases for rent in recent times. Many tenants I have came across have indicated that they are now very careful and will prefer to deal with agents listings instead since it is more legitimate source of listing given that we are licensed to do real estate works. This works well for many landlords too, since we will also be required to do our due diligence on prospective tenants. If your concern is to save on agent fees, the good news then is that agent fees is only applicable when there is a successful transaction, therefore this amount of money can be built into the monthly rental price you get from the tenants. In this case, the tenants will be the ones paying the agent fees indirectly, so homeowners like yourself will enjoy the professional level services while not worrying about having to pay for the marketing fees even if there is no confirmed tenants.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi,

Current property value: $2.4m
Outstanding loan: $1.1m
CPF Refund: $300k
Agent fee 2% : $48K
Legal fee: est 2.5K
Cash proceeds: est $945K
Cash saving: $700K
Total fund for next purchase: $945K + $700K + 300K = $1.945m

Your loan eligibility
income: 25K per month
age: 39
Max loan: 2.6m
Therefore your max price you should be looking at for your landed property is $4.5m

Hope this helps,

I would be glad to have the opportunity to assist you in the sale of your condo. Please find my testimonial below for your reference.

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several
agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling
the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole
dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a
trustworthy, honest, sincere and hardworking agent. We are happy with her service and would
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should value her. Thank you Jenny for her efforts--
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--Jenny is very committed and responsive to her clients and she has spent hours updating them and
looking out for great deals and even tailor-made property proposal geared towards their needs. Will
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--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our
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also patient and client-centered throughout the process of finding a home that met our criteria. As a
first-time home buyer, we appreciate how she went out of her way to explain the process and
answer questions we had--
Samantha (Resale condo buyer) Read More

Hi,

Thank you for sharing more info. Assuming gross monthly income is 25k, if you have no other loan installments like car loan, you max loan should be approx $2.4mil +/- . Since you will have approx $2mil cash + cpf proceeds after selling, the total available will be $4.4mil approx. Less stamp duties and some set aside for minor A&A you should look at around $4mil as a ballpark figure for landed. There are some terraces available at this price zone but it also depends on locality as well.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

SEAA Salesperson Achievement Award (Gold)
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, could I have more information from you pls?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi, appreciate your sharing
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Selling your condo for $2.4 million with an outstanding loan of $1.1 million.
Estimated sales proceeds: ESTIMATED $940,000 (after loan repayment) + $300,000 CPF refund (including principal and interest).
Based on your $25,000 monthly income, the maximum new loan you can qualify for is around $2.6 million.
Considering these factors:

By selling your condo, you'd have a total capital of approximately $4.5 TO 4.6 million (sales proceeds + CPF refund + new loan eligibility).
WhatsApp me at: ABLE Toh >>9856 9255 or through this link.:https://wa.me/6598569255

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like renting / selling, buying / or investing, I'm here to help!

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(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

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From: ABLE Toh- Your Property ASSISTANT ：）

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