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i owned a hdb, intend to invest private property, understand i need to set aside min sum which is $74k, but how is it deducted?? assuming my OA is $135k, SA $51k. how much total i can used for my purchase? also base on future trend, how is 690 sqft 2 bedder compare to 441sqft 1 bedder in queenstown area? which is likely to get rented out easier? as years to come there will be many 1 bedder out there..
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YT Tan (陈永达)
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Good afternoon, to make up $74k minimum sum, you can first take $51k from your SA then remaining $23k from your OA thus you will have around $112k CPF OA for your investment property. How must cash do you have as well? Cause if you are able to obtain a 80% bank loan, you have to fork out 20% downpayment (5% cash and 15% CPF or cash if shortfall). Why not let my banker advise you on your in principle approval first so you can gauge how much can you obtain from bank as well. And its pretty hard to gauge what will be the take up rate for rental units in future but generally, if a 2 bedders is asking for the same rental rate as a 1 bedder, tenants will rather take up the 2 bedders. They will be more concerned about the size, rental rate and furnishing options. If you need any assistance in your property purchase, feel free to contact me. YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More
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