AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I am Singaporean while my spouse just acquired his PR. We are newly wed in September this year thus we do not have any cash on hand. My salary is $2500 with cpf 40k, his salary 2884 with no cpf. Are we able to purchase a 4room flat in Punggol area? We do not have any ongoing loan commitment.
0 •
492 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Morning Joanne,

If you are referring to BTO units, you will have to wait till your spouse have obtained his PR status before you are eligible. With BTO unit, your combined income might be sufficient, depending on the release pricing.
If you are looking at purchase of resale HDB unit, you might be running low. With your combined income, your maximum loan might be around $400k. It would be good to have a banker to assess both your credit status before moving on.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions