5 Answers

Hi,

It depends on how much loan you can take and how much cpf you have on hand. Loan depends on your age, income and credit profile as well as any debt obligations you have at the moment. You must have also met the MOP of 5 years before you can purchase your next property.

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

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi Mrs G,

You will need 5% cash for the deposit, the balance 15% can be CPF with the balance 80% by loan. If you do not have sufficient CPF at the moment, you can either sell first and then buy, if not you may consider taking a bridging loan to sell and buy concurrently.

Upgrading involved meticulous planning in terms of the transition timeline and the costs involved. I have assisted many of my clients to upgrade successfully. Please feel free to contact me so that I can understand your needs and objectives better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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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.”
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Hi Ms G Wui

There are various key considerations to make. You have singled out on the cash flow necessary to take through the transaction.

Whether to buy first or sell later is another consideration which will have implications.

If you want to write to gavin.ng@orangetee.com, we can guide you through the process.

Regards
Gavin Read More
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Hi,
You may choose to keep the current hdb and purchase the 2nd property or sell off the hdb after then buy a private condo. The cost include
5% - cash for booking
15% - cash + cpf for down payment
80% - loan

Please drop me an email for me to assist to compute the estimated sale proceed of the hdb and the estimated loan quantum.

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
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