Asked by Anonymous
I just turned 40. Can I buy a condo with 40k cash and 180k cpf.
114 views
3 Answers
Dear Buyer,
A lot depends on your monthly income, other loans that you may have etc. which might reduce the quantum of loan that you can qualify for. However, based on just the above two figures, it is hard to say how big a condo you can buy. But, just to give you an indication, you can buy a 2 bed condo from 700k onwards.
For more info, please do contact me.
Cheers!
Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
90170747
www.goodpropertiesguide.com Read More
A lot depends on your monthly income, other loans that you may have etc. which might reduce the quantum of loan that you can qualify for. However, based on just the above two figures, it is hard to say how big a condo you can buy. But, just to give you an indication, you can buy a 2 bed condo from 700k onwards.
For more info, please do contact me.
Cheers!
Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
90170747
www.goodpropertiesguide.com Read More
Hi,
Yes, you can purchase a private property as long as you're above age 21. Based on your Cash and CPF, you can purchase a property of up to about $850k (excluding stamp duties), subjected to TDSR requirements.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Yes, you can purchase a private property as long as you're above age 21. Based on your Cash and CPF, you can purchase a property of up to about $850k (excluding stamp duties), subjected to TDSR requirements.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Hi,
1) Your current cash + CPF is sufficient for a $800k condo, which is 25% down payment (5% in cash = $40k, 20% in CPF = $160k).
2) You are also subject to ~3% buyer stamp duty which is $24k. From the fund you currently have, you have to prepare another $5k for the buyer stamp duty.
3) The legal fee is around $2.5k.
4) Your monthly income must be at least $5k/month so as to get a $600k mortgage loan assume you don't have other financial commitments.
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
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) Your current cash + CPF is sufficient for a $800k condo, which is 25% down payment (5% in cash = $40k, 20% in CPF = $160k).
2) You are also subject to ~3% buyer stamp duty which is $24k. From the fund you currently have, you have to prepare another $5k for the buyer stamp duty.
3) The legal fee is around $2.5k.
4) Your monthly income must be at least $5k/month so as to get a $600k mortgage loan assume you don't have other financial commitments.
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
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
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