Good day to you,
Based on the information you have shared and assuming you are below 35 years old, you may consider a condo up to $610,000.
Here’s a Cash Flow summary for $610,000 condo for your reference:
Cash 5%: $30,500
15% Cash/CPF: $91,500
BSD: $12,900
ABSD 5%: $30,500
Lawyer’s Fee: $2,500
TOTAL INITIAL CASH/CPF: $167,900 < $170,000
Based on Max. 80% LTV and Average Interest Rate 1.5% for 30 years:
Loan Amount: $488,000
Estimated Monthly Mortgage Payment for Uncompleted Condo: $211 (First 6mths) to $1,685 (Upon Completion)
*Minimum Salary required to qualify for this loan amount: $3,700
I would like to recommend The Santorini at Tampines Street 86, we have 1BR units 527sf starting from $579,150 and you may even consider a unit with pool view on higher floor at $611,000.
For more information including floor plans, please visit:
http://www.propertyguru.com.sg/listing/17843421/for-sale-the-santorini http://www.propertyguru.com.sg/listing/17843689/for-sale-the-santoriniPlease approach your bank as soon as possible to get Approval in Principle for your loan, feel free to contact me should you require recommendation. While waiting for the loan approval, please contact me to arrange for showroom viewing and narrow down your preferred unit.
You may like to know that these units are moving fast as they are quite affordable. Just a few weeks ago, we still have units under $570K but they are SOLD now. Please act fast before these under $580K units are gone too.
Thank you and have a pleasant week ahead.
Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 822 50 212
Email: karrien.realty@yahoo.com
Powerful Negotiators
No. 1 Team in PropNex Realty Pte Ltd (L3008022J)
Read More
