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Hi,

Thanks for sharing, it is very detailed. Have you speak to your preferred bank regarding the loan? They can do an in-principle approval to show you the loan quantum that they can issue to your case and the respective installments monthly.

Purchase of under construction properties follows a progressive payment schedule, so your monthly installments build up gradually with each construction phase.

I have to make some assumptions here, for example based on a household earning 8.25k/mth, and each equal contribution. (Rough calculations) Based on MSR of 30% and max loan tenure 25 years, your bank loan shouldn't exceed 494K, the monthly.installments will be roughly $2475/mth, if you don't have other loan obligations like car loan etc. This is progressive, (ie that amount will slowly build up to $2475/mth) based on phases. The final amount of loan you can get, it is better you speak to different banks, or I could recommend some.

Based on land price bidded by Yuan Ching developer, it looks like it might price its 3BR units around 900K range. Based on 494K loan, the balance amount will be 406K funds to be prepared.

For EC, 5% of price in cash (45K), balance 15% can be in CPF (135K), if 80% loan of 720K. If you can only get an estimated 494K loan, the balance (720K - 494k) 226K have to be topped up by CPF/cash.

I can only offer estimated amounts, basing on the details you provided and some assumptions made. Will be glad to speak to you and draw up all the calculations required. Thanks!

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More

Good morning fellow Jurong resident,

Do take note that you have to sell off your current HDB after the key collection of your potential purchase of Lake Life (Yuan Ching EC).

The refunded CPF OA funds and potential sales proceeds will significantly reduce your mortgage quantum. Maybe you can share more information on your CPF OA funds utilized in your current unit so I can further advise you with a financial plan.

FYI i have tied up with friends in the core team of Lake Life, I can forward you any information I have on hand.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Sir!

I'm glad and at the same time excited to inform you that Propnex has been appointed the sole marketing agent for the EC at Yuan Ching Road. It's called Lake Life!

I am also delighted that you share the same excitement as I do, and we both can see the huge potential this EC brings.

Allow me to meet up with you at your convenience, to clarify all your doubts on the financing. I can sit down and go through a detailed step-by-step financial calculations.

For your info, I am part of Propnex's Jurong Team, and we conduct weekly doorknocks and roadshows around Jurong at least 4-5 times a week. You might have come across us in some of the markets. And with this new EC launch, we connect with Jurong almost everyday!

Due to our active involvement in Jurong, our Team have helped the residents to meet their housing needs.

Who else is better to assist a Jurong resident, looking to upgrade within Jurong than us?

Do contact me at my mobile 97486305  for a non-obligatory discussion. I await your call! Read More

Morning,

As per your statement, we are not aware of the selling price of the EC at Lake Life. And I'm also not aware of your preferred sizing on the upcoming purchase. In general, unless you are buying big sizing unit, you should have enough CPF OA to cover your initial down payment. The funding from the sales of your current unit will also help to reduce the possible upcoming loan which you might need. However, as to how much you will be using to reduce your loan amount, only you will be aware of it.

Do feel free to contact me for further discussion.

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

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From: ABLE Toh- Your Property ASSISTANT : ）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More