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Hi

You may want to text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Dear sir/mdm,

Basing on the existing funds available as well as considering the stamp duties and professional fees involved in a purchase transaction, she should be looking at maximum price of about $860,000, however, as we are unsure of her age, we are unsure if she will be eligible to loan the balance amount about $645k in order to purchase. Is this going to be a purchase for her own stay or is she planning to rent out as an investment?

With that price range in mind, there are limited options for freehold units for consideration and these choices are down to 1 bedroom units for freehold and location may also not be ideal. The rental Assuming that she is eligible to loan the $645k for 30 years and also the interest rates at 3.9% (currently should be slighly higher), her monthly instalments should be in the range of about $3,050.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,
The 1st thing to do is to talk to a banker and do an IPA. The IPA will determine how much loan your daughter can qualify for. Using that quantum, she can then engage a good agent to find the best option for her. As she is a buyer, she will not have to pay a commission, if she were to buy any private property.

Please contact me so that I can assist her, like I have done for other buyers over the years.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hi,

Assuming your daughter is Singaporean citizen, the cash + CPF OA can fund a downpayment of a $900k property. However based on her income alone she can roughly get a loan of $460k, so there is a shortfall to 75% loan of $675k. If you have some cash funds available, it is possible to bump up her loan to $675k.
$900k will have more options to purchase, perhaps a 1 bedroom resale in the relatively city fringe location. $675k loan her monthly repayments will be approx $2100 for a 30 year loan at 3.5% interest rate.

Hope the above clarifies. May I have more info and requirements about your plans so as 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

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
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SMU BBM (Finance), Magna Cum Laude
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi,

1) Since you are asking about a single buying private property, it is likely she will be under 35 yrs old.
2) I'm using the above assumption to estimate her loan likely to be around $460k.
3) Based on the cash and CPF funds on hand for the downpayment, she is able to buy up to a $1M private property.
4) But based on the loan, a comfortable budget should be kept within $610k so that she doesn't have to fork out extra for the downpayment.
5) If using a $1M budget, honestly there are quite a lot of resale properties to select around the whole island as long as the psf is below $1,800.
6) If using a $610k budget, the majority of them will be in the OCR area, a minority in RCR, and limited choice in CCR as long as the psf is below $1,200.
7) The analysis is based on the resale property's current estimated market value, but they might not be offering in the market.
8) The mortgage monthly payments based on 30 yrs loan tenure with a 4% interest rate are between $2,184~$3,580.
9) Now the most important question is why is she buying? For her own stay or to gain capital appreciation or just wanted to collect rent?
10) There will be different options for a different objectives.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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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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.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Read More