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Hi,

If the company is solely owned by you, typically the income drawn from there will have a haircut of 30% (subject to bank assessment) in terms of recognition for loan purposes. For monthly income with CPF contribution drawn as employee from other companies not owned by you, typically no haircut applied.

Thereafter, TDSR of 55% will be factor in when calculating the income.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Dear Sir/Madam,

Hi, I am Brendan!

For director fee and if the company is solely owned by you, there will be a haircut of 30%.
For monthly income with CPF contribution drawn as employee there will be no haircut.

It will be good to speak to a banker to understand better before making any decision.
I had worked with various banks and can recommend you some top bankers.

Pls contact me at 9754 5207  .
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay,
Contact: (+65) 97545207 
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Email: bay.binhao@gmail.com
FB: facebook.com/BrendanBay.ERA/
Web: brendanbay.com/

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100% Committed to Serve your Property Needs!

- Jay & Sonia, Residential Home Buyers -

Brendan is very responsive, efficient, and patient. He is able to understand our many needs and requirements for our next home. He translates that by filtering out properties not within our requirements and recommended only units suitable for us. We had benefited from his detailed financial analysis for us and sound recommendations.

- Max & Janice, Residential Home Sellers -

We were introduced to Brendan by our best friend, whom Brendan helped on the sale of their property. Brendan is very approachable and conducts himself professionally. With his unique marketing strategies and strong negotiation skills, we managed to sell off our property at a price beyond our expectations. Read More

Actually i am unsure why you are asking this question. If you are intending to purchase a property and unsure of your loan potential, the most straightforward thing to do is to check with a banker direct to work out on your in principle approval for bank loan. They will do the assessment based on your current income situation and work out the numbers for you.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi,

1) Director fee is not a permanent and consistent amount and thus will be classified as other income which will suffer from a 30% haircut.
2) Monthly salary as an employee will be classified as a fixed income. This will not suffer from any haircut.
3) Do note that with the latest cooling measures implemented in 2021, the percentage of income that can be utilized for housing loans has reduced from 60% to 55% for private residential property.
4) This means that your housing loan amount will be reduced for private residential property.
5) If you are keen on buying a residential property for your own stay, it is recommended to do it sooner than later before another tweet in cooling measure to further reduce the level of leveraging.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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