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Dear Jasmine,

Have you fulfilled the MOP for your EC? Also considering the cash plus CPF you have quoted, importantly is also the consideration of how much loan will you be able to secure, considering the Additional Buyer's Stamp Duty for the next purchase applicable to you as well. If all these concerns have been addressed and that you have no problems in securing the loan for the investment, your probable purchase price should be in the range of $700k. My condo team is currently marketing a TOP project in Guillemard Crescent (Cosmo) looking to sell at $700k. Excellent location as it is near to Mountbatten MRT and within minutes into the city area.

Get in touch with me if you need more information. Alternatively you may wish to consider overseas project with rental returns?

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
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Good Morning Ms Jasmine,

Have you completed your MOP for your existing house? With that, we would also like to inform you that the second property that you purchase will impose the Additional Buyer Stamp Duty levy.

Meanwhile, we would like to take this opportunity to understand more about your requirements that you need in your condo which will help you in the rental yield.

Feel free to contact me for non-obligation discussion.

Looking forward to hear from you.

Cheers!
Lewis Tan
ERA 9001 0979  Read More

Good afternoon Jasmine,

Do take note that you have to fulfill your EC's MOP before you are eligible to purchase another private property. If you have utilized CPF OA funds for your EC, you need to keep a minimum sum of $77.5k (OA + SA) before you can use the excess. So does the $150k you provided is the excess with cash you have on hand?

And if you are a SC, you will be subject to 7% additional buyer's stamp duty on top of estimated 3% buyer's stamp duty. So with $150k cash and CPF, you might only be able to afford a $500k property which you have taken the 20% downpayment and 10% stamp duties into consideration. Probably a new launch studio/ 1 bedder in D14.

If you need any assistance in your property purchase, feel free to contact me. Cheers!

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 Jasmine,

At the current property peak cycle with all the cooling measures and you want to look for decent rental yield using S$150K is not advisable. You need to pay 7% additional buyer stamp duty and a 600K property will set you back by 42K. Wiping out 30% of your CASH immediately.

Feel free to call me at 97916894  if you are keen to know other form of short investments backed by real estate assets.
Thomas Read More

Hi Jasmine,
99-year 1BR $680,000
TOP on 2015 Q2.
Rental yield surpasses comparable Freehold
Pls call me at 81883186  if you are looking for good rental yield and good capital appreciation when you sell 5 years later.

Gary Chang 81883186 
gcwc@outlook.com Read More