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I am an SPR looking to buy either a resale EM HDB or new private condo. Prepared to service loan up to $3k-$4k per month, however initial cash outlay only $250k. 1) is it possible to secure higher loan than 80%? (Practically no debt except for 7yr old car loan where repayments are prompt) 2) Which is better investment EM HDB or private condo? 3) Will consider all areas in the east as far as Tampines, Ang Mo Kio to north and Buona Vista to west - any recommendations for new private condos?
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4 Answers

Mike Lim
Replied
Afternoon June,

Let us work on affordability as it should help you clear one major hurdle. Under current MAS ruling, first mortgage loan with loan period of less than 30 years or not exceeding the age of 65 year of age, you can obtain max of 80% loan. And with the monthly repayment amount not exceeding 30% of you income, you should be earning around $12k, with your car loan at hand. You will also be liable for 5% ABSD as you are PR. However, with $250k at hand, assuming that you have zero CPF, purchasing a EM at $700k, excluding COV, would have deplict your cash at hand.

Do feel free to contact me if you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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Vincent Tan 陈华峰
Replied
Hi June,
1)For financial planing, please looking for banker to estimate your max loan amount, they will guide you in all financial enquiry.

2)For SPR, HDB only can use for own stay and cant rent out all unit. If you buy HDB, CANT buy private property again unless you sold the exiting HDB. Totally HDB more prefer for own stay but not prefer for investment.

3)We have many new launch project and resale condo at Singapore, if can please drop me your email address, i can send more detail information to you.

Thank, have a nice day

Vincent,ERA
HP:93364639
EMAIL: twh_vincent@hotmail.com
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Aaron Chong
Replied
Hi June

I have 2 exclusive units at Waterview for sale. It is 2 bus stop away from Tampines mrt with 3 big shopping malls. Both are 2 bedrooms facing pool view and asking is 900k (neg). TOP is 3rd quarter of this year. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Koh Zhen Hon
Replied
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ 82798327  -

Why Should HDB Sellers engage me? Contact me @ 82798327 

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Shalom

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Koh.Z.H - Agt
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