Hi Sir/Mdm,
I am happy that you have the intention to purchase a property in Singapore!
Before shortlisting the properties to buy, it is important to find out how much you can borrow ie the maximum loan amount and the maximum length of the loan or the loan tenure as banks are subjected to the Total Debt Servicing Ratio (TDSR) framework. You are right, it depends on your monthly income and your age.
It is better to do a non-obligatory In-Principal Approval with a banker as the banker will be able to give you an indicative loan amount for your planning. I can link you up with the efficient bankers that I am working with!
Stamp Duty and Legal Fees can be payable by CPF. Also take note that as a SPR, you will be subjected to an Additional Buyer Stamp Duty of 5% when purchasing a residential property. However, do note that in many situations, you will need to use cash to pay for the stamp duty in cash first and reimburse from CPF subsequently.
Please feel free to contact me so that I can do up a financial plan for you as well as give you an overview of the whole purchase process!
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com
Testimonial from Satisfied Clients (2016)
“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)
“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)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick 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)
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