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Hi,

It may be prudent to do a preliminary financial plan and check out the indicative loan amount (if you are taking one) that the bank can support before starting the search. For SC purchasing their 2nd residential property, since your HDB is fully paid, breakdown as follows:

Cash 5%
CPF 15%
Max Bank Loan 80%
Stamp duties and legal fees (BSD+ABSD) Approx 10%

May I understand your requirements and plans further such as preferred location, size and funds on hands so to make better recommendations? Thanks and look forward to value-add to your housing plans further.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi investor,

The main thing would be to just look for an agent who will be accountable for everything.

I assume you have enough cash on hand, as you might not be able to take that much loan because of your age. For investment, it'd depend on whether you're looking for immediate income (rental yield) or capital appreciation.

Feel free to contact me at your convenience, and I can share some good investment properties with you, which I'm currently marketing.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi
I would love to assist you. Lets have a detailed chat offline from here to share more in details.
I can be reached via 91442664 
Tricia Tan Read More

Hi

First, I think you should engage a licensed real estate salesperson (RES).

Second, the experience and knowledge of the RES.

Third, ethics.

You may call 9620 0827  or email to gavin.ng@orangetee.com
should you have further question.

Regards

Gavin Read More

Hi Sir/ Madam,
First, you might wish to do a check with your home loan officer on the max loan quantum so that you can comfortably know what size and type of property to look out for.

After taking stock of your financial planning, then, consider whether you would like to look for a house or apartment that can accommodate multi-gen living or a cosy apt for retirement. In either case, there are different factors to look out for when sourcing the house/ apartment types.

I will be happy to assist you further if you wish. All the best!

Elsie Cheng
Senior Assoc Marketing Director
PropNex Realty Pte Ltd
R042414I
HP: 96361929  Read More

Afternoon,

Given both your age, it would be good to work out on the financing aspect before proceeding. This would be especially important should either of you be above retirement age.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear Mdm,

There is a good chance that you need more than 5% Cash and 15% CPF to purchase the condo for investment.

This is because the bank will also take into consideration both you and your husband's age to determine the loan amount. As both of you are in your 50s, you will not be able to loan up to 80% of the valuation of the condo.

It will be good to consult a professional mortgage broker so that he can work out the amount of loan and loan tenure you will be eligible for. From there, I can draft out a full financial plan for you so that you can budget and plan your finances better.

Please feel free to contact me so that I can assist you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

Re: Our Preferred SG Professional- Agent.myweb.sg & Agent.irealtor.sg

50 years old, for housing plan. When purchase another property, it recommendation to select property that enable you to downgrade to be housing loan free whereby you reached the retirement age.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
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ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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Good evening buyer,

Do take note of these cooling measures for this purchase:

1) you will be subject to 7% additional buyer's stamp duty as Singaporean
2) If you have utilised CPF OA funds in your current HDB, you have to set aside $80.5k in your CPF OA + SA first before you can use the excess in this purchase.

If you are able to obtain max 80% bank loan, your initial outlay will be as such:

1) 5% cash downpayment
2) 15% CPF OA downpayment
3) estimated 3% buyer's stamp duty
4) 7% ABSD
5) legal fees, valuation fee etc

Probably you can share with me how much finances (cash and CPF funds) on hand and at the same time, speak to my bankers so we can work things out from there.

Hope my sharing is beneficial to your property investment.

May I know how can I continue to value add in this purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Hi,
I am sure both of you aware the 7% ABSD for the 2nd property. For investment, 2 bedrooms will be the demand for rental. Location is best around city fringe as most of the expatriate preferred near to city. There are a few under construction projects I would like to share with you.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More