6 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

You may refer to our agent directory here: https://www.propertyguru.com.sg/property-agent-directory

When purchasing a private property, you will be subjected to the Total Debt Service Ratio (TDSR), Valuation Limit and Withdrawal Limit. Your TDSR should be less than or equal to 60%. The TDSR formula is as follows:

(Borrower's total monthly debt obligations / Borrower's gross monthly income) x 100%

You will be subjected to Valuation Limit. Valuation Limit is the lower of the purchase price or valuation at the time of purchase. Assuming the valuation and purchase price is $700,000, your Valuation Limit is $1.35 million.

For a bank loan, you will be subjected to Withdrawal Limit: 120% of the Valuation Limit.

120% x $700,000 = $840,000

$840,000 is your Withdrawal Limit.

You will also need to set aside a Basic Retirement Sum of $93,000.

Hope this answers your question.

Best Regards,

Team PropertyGuru
Taufik Hussein
Hi

I am Taufik Hussein from ERA. My fees for purchase of any private property is 100% free. My services include consultancy, assisting you to secure a loan if needed too, searching for units that meet your budget and requirement, arrange for viewings, negotiate on your behalf and settling all processes of purchasing a private property on your behalf. Do contact me at 93375051 for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd
Lyna Song
Hi;

You can feel free to contact me for further discussion. I've been in this industry for more than 11 yrs ady.. I would be able to help you source ,analyse the project/unit and get the best deal for you. Have a great day ahead !

Regards;
Lyna Song
9623 8442
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://wa.me/6596238442
Robbie Chen Chee Howe
Hi Ms,

I am interested to assist you in your first home purchase.

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
Ivan Ng
Hi,

Happy to assist. Look forward to discuss further. 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
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395
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