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If I have a total of $400k (Cash + CPF) and I earn about $6000 p.m and my wife earns $2000 p.m. We are Singaporean and Singapore PR respectively. Would this be sufficient to buy a unit at Chestervale? (>130SQM)
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7 Answers

Hi,

The loan attainable depends on your age and any other debt obligation as well. I can assist to calculate further if I can have this info.

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 Realtor
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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, I could get my banker to assist with loan calculation too and I do require more information from you.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Hi,

Judging from the limited information given, you should be able to afford a 3BR/4BR in Chestervale.

However, it would be helpful if you could provide me with more information like your age, financial status, number of properties currently owned etc.

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
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Hi,

1) From your info, I assume both of you are able to get a 25 years loan tenure.
2) You should be able to get around $1 million in loans.
3) With your cash + CPF of $1.4M, you should have sufficient funds for your purchase.
4) Do remember to include buyer stamp duty in your budget, because your purchase is over $1M, your buyer stamp duty is ~4%.
5) Totally agreed that you are able to buy within your budget, bigger size, an immediate shift in, and able to see what you are getting at the level you are on.
6) If possible, speak to any agent who is well versed with asset progression. To be honest, once you purchase this, you can forget on a capital appreciation that you may get from property purchases.
7) Chestervale is located at a very place with lots of greenery, and well maintained facilities. You have to be aware that this is an EC TOP in 1999, lease started from 1997. Meaning the remaining lease is 75 years.
8) This was the main reason why it sounds much cheaper than the newer condo nearby.

Hope the above answer to 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

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Tan Pei Cheng (Pei)
TDSR: $1,068,936 (Max Loan)/ $1,425,248 (Max Purchase Base On 75% Loan)
Base on max 30 years loan (Has to be 1,400sf units in the past 6 months

Base on $1Mil
5% Cash: $50,000
20% CPF/ Cash: $200,000
Basic Stamp Duty: $24,600 (CPF/ Cash)
Legal Fee: Estimate $3,000 (CPF/ Cash)

** Assume this is your first property as a matrimonial home (Couple): No ABSD

** It would be good if we can meet up for a proper calculations and share what are the options and what's best for you after a no obligation discussion.

You are focus on getting an unit in Chestervale only? Any special reason?

Eric Teo (R009622B):
HP: +65 94366510 
wa.me/6594366510
Associate Group Director
Propnex Realty Pte Ltd Read More
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