AskGuru Q&A Community

Hi Jack,

My opinion is that you should have no problem get your dream condo! I just need to understand your finacial status better in order to assist you through. Would you like to give me a call or email when you are free?

Robert Peng 9800 1968 
Robertpeng001@gmail.com
CEA reg No.: R042525J
Huttons Relationship Group Read More

Evening Jack,

To purchase resale condo, the Option fee is 1% and Exercise Fee of 4%. This are to be paid in cash. Hence you will at least need this component in cash. To sell your HDB so as to purchase condo, it can allow you to get funding for the remaining 15% or more, depending on how much loan you are eligible to.
For the details, it would be better if we can sit down and work the things out. This would allow you to clear all your doubts and understand how the whole process would be.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Jack,

Yes you have made a correct start. It is always important to ascertain your financial well-being before proceeding with any sales or purchase. I can actually ask my panel of bankers to work out an affordability worksheet for you. Don't worry, you do not have to buy anything everntually even when the banks have worked out your finances for you.

Maybe you might want to give me a chance to assist you more? I have stayed in West Coast for the last 30 years of my life and hopefully should be more familiar with the Southwest.

Thanks!

Jonathan Pan
CBRE
 9688 2200 
jonathan.pan-sp@cbre.com.sg Read More

Hi Jack,

Yes, you can use your cash proceed to pay for the deposit of your condo. I also realise that you mentioned COV, please take note that you will only get your cash after the completion of your sale.

Therefore, you must think of alternative place to stay for a few months while waiting for completion of your condo.

If you can afford the first 5% without sale proceed, you can consider taking bridging loan from bank.

Hope that I had answered your question.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More