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I'm single with monthly income $3000. HLE approved 25 yrs $196k, my OA have $38k.
Looking for 2bedroom HDB. My question is, how much cash money I need to prepare NOW if if going to buy HDB for $350k?
For monthly payable loan, how much Cash money i need to PREPARE to pay for my 25 yrs loans?
Pls help me explain on these two question
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1 Answer

Ivan Ng
Replied
Hi Ms. Carolyn,

You be looking at around 130k cash for the balance price and transaction costs (stamp duties, agent fee etc.) assuming no COV. For monthly installments its 890 / month, so its about 200 cash top up monthly assuming you receive 690 in OA contributions monthly.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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  • CY
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    Thanks u so much for ur explaination, now I have clear pic on wt kind of house I'm going to search, I'm only able to find lowest piece at $300k 2bd room HDB. I'm thinking after my 1st time house grand ( $25K?) do u think with my current on hand cash money of $50K is enough to purchase $300k house?

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