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Good afternoon buyers,

Do take note that SPR household must be SPRs for at least 3 years respectively to be eligible to purchase a resale HDB.

With your finances on hand, you should be able to afford a property worth up to $535k but due to your combined income, i doubt you can obtain up to 80% max loan.

Based on your combined income, you should be able to obtain a $360k loan. With that, your affordability should be around $500k.

Hope my sharing is beneficial to your property purchae.

I had assisted a few SPR buyers in purchasing HDB below valuation last year. Hope I can get you such good deals as well.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

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

Hi,

Your max bank loan should be about 360k for a 25 year loan tenure, hence adding up the OA+cash on hand, you should look for a property priced around 450k as there's also a 8% total stamp duties yet to factor in.

Please note each SPR must have held spr status for at least 3 years before they can purchase resale hdb. Typical breakdown as follows:

Cash 5%
Cpf 15%
Max bank loan 80%
Stamp duties & legal approx 8%
Commission 1%+GST
Hdb admin fees 500

Thanks and hope 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 buyers,

You can easily get a unit up to $500k, but that'd be subject to bank approval of your loan.

Feel free to contact me, and I'd get my banker to do an approval-in-principle for you, before we proceed to take things further.

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

Afternoon,

With $40k cash in hand, you are eligible to purchase property of $400k. With 80% loan, you will need to prepare 5% cash for ABSD and 5% cash for down payment.

Do contact me further for discussion.

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

Hi

The first thing to do is to ask a banker for an IPA (in-principle-approval on your loan quantum).

Should you need bankers to speak to, you may email gavin.ng@orangetee.com

Once done, either call 9620 0827  or email gavin.ng@orangtee.com and we will do a financial calculation for you.

This will give you more certainty on your buying budget

Regards

Gavin Read More