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Dear sir/madam,

We will be unable to advise on the above questions simply because we are not the financial engineers and do not have any understanding on your financial health. On paper, it seems that the gap is only $600k difference in termsof the sale and purchase price, but with the regulatory changes to loans introduced recently, it may not be as straightforward as it seems.

If you need to speak to a financial 'engineer' and knows of no one, do let me know.

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

GIven the lack of information such as age, nationality, income level etc, here's a simple calculation assuming your income qualifies for the loan, 30-year loan tenure and no SSD, no ABSD, no pre-payment penalty etc.

1) Sale of existing property $1.3M with $200k outstanding loan. The estimated sales proceed (cash + CPF) is $1.072M assuming seller's agent commission to be 2% + GST.

2) Purchase of $1.8M property
- Downpayment of $900K (using earlier sales proceed)
- Stamp duty of $48.6K (using earlier sales proceed)
- Loan amount of $900K over 30 years @ 1.2% = $2978/mth

Alternatively, you could also explore owning 2 or more properties to create a passive income for retirement.

Best regards,
Jeron Lee
Mobile: +65-90015060 
Email: jeronlee@gmail.com
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