AskGuru Q&A Community

Good morning Susan,

By right with $500k and 80% bank loan, you should be able to afford a property at a potential purchase price of $2.17m.

I will sincerely advise you to apply for an in principle approval first to gauge how much bank loan can you obtain so from there you can decide whether how much do you intend to use.

Requirements of an unit and your preferred location also contribute to your budget.

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

Hope to hear from you soon!

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 Read More

Hi Ms. Tan,

Your options would be quite limited for a 500k private property. You may wish to take up some loan to finance a portion of it to increase the price range, which gives you more options. Thanks and hope to assist further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Ms Tan,

Re: Our Preferred Experienced SG Realtor

It depend whether you prefer 50% loan or 80% loan with capped loan of 65 years old. You will be recommended look at any property from 1 million to 2 millions range.

We can assist you based upon your stated contents and walk you through the entire process with options.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); Msc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com
Skype: incomecare

Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”

Our SG Realtor Services Youtube
Residential- https://www.youtube.com/watch?v=3kI2tBtopuM
Commercial- https://www.youtube.com/watch?v=ELAXddJ6nEk

Daring to invest on SG branding portals give us an edge advantages in reaching out to consumers'.
SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.CommercialSingapore.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg

Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More

Hi Susan,
It depends whether are you open to new project (under construction) or resale unit. Whether you prefer 1 or 2 bedroom units as well.
For eg. If you are ok with new launch, then you could consider Kingsford Waterbay, the 1 bedroom starts at $538k. With your funds you have as per what you mention, the amount of loan you be taking is quite minimal.
If you are looking at resale 1 bedroom, i also do have units that are in the region of $600k.
Thus, do let me know where is your preferred location, is it for own stay or you intend to rent out for rental income, no. of bedrooms, and any other requirement.
Do drop me an email so that we could correspond further.
Regards,
Kelvin Chen
ERA Associate Division Director
 84282282 
kelvinchen.era@gmail.com Read More

Hi Susan,

With 500k of cash and minimal loan, I would suggest you to buy a Studio or 1BR unit which is located near the MRT. It will be a worthwhile investment as properties near MRTs are able to command better rental yields and have better future capital appreciation potential.

Do feel free to get in touch with me so that I can find out more information from you and give you some recommendations.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Follow us on Facebook to receive 24/7 updated real estate news and information.
https://www.facebook.com/propertyavenuesg

Testimonial for Satisfied Clients (2015)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB) Read More

Dear Ms Tan

I have a 1-bedder in Kovan asking $598k negotiable.
If you can contact me at 90118028  or jntan1@yahoo.com.sg, we can discuss in greater details.

Regards
Jolyn Tan
Associate Senior Group Director
Dennis Wee Realty Pte Ltd Read More

Hi Susan,
I can assist to compute the estimate loan quantum and advise you some property for consideration.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

The first step forward is definitely the loan eligibility to asses the loan quantum, after which I will be in a better position to construct the financial computations & progressive payment to ascertain which residence options will value add your property portfolio.

I have led many individuals in their purchases and will be glad to assist you similarly with the payment timeline and procedure. To add, there is no agent fees involved and I will walk you through the entire process step by step ; from shortlisting to negotiation to paperwork to admin/legal matters and more! Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June/ July/ August ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

Hi,

Lets chat about your needs and wants rather than talk about loan......step by step.

Chat me up pls.

James
 93530099  Read More