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Hi Mugen,

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. By the way, perhaps I could get my mortgage broker to be in touch with you soon?

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

Hi,

Typically the cash components are the 5% booking fee, balance shortfall that cannot be covered by your CPF OA and home loan, as well as any renovation costs beyond the reno loan. Since you have HDB sale proceeds coming in, it is possible this can cover some of the cash expense for the next property purchase as well.

I have helped various clients to do a financial plan before they smoothly transit to their next property. 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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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Hi Mugen,
You are better off buying an EC. This is the cheapest and best condo to buy but comes with an income cap of 16k. If your combined income is below this, this the property to buy next. Buying direct from the developer and waiting for it to be completed before selling your current HDB, is the best way to own a condo and maximise the value of your current HDB!

Please contact me directly.
Cheers!

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

Hi, appreciate your sharing. Welcome any free sharing and break down of your current situation. 9696 4398  Stewart-PropNex Read More

Good evening Sir/ Mdm,

It will be best to work out a detailed plan (including finances) that best suits you and family before we proceed further.

If you wish to buy a private and able to obtain max 75% loan, you need 25% downpayment and stamp duty payable. Minimum 5% cash payable, balance 20% can be a mixture of cash and cpf.

Stamp duty up to 4% needs to be in cash first for resale purchase (first residential property count) and reimburse back if you have sufficient CPF.

If you wish to use minimum to no cash savings and prefer to use sales proceeds to upgrade, do you have a temporary accommodation in between the transition?z

When will you guys be available to meet up to discuss your options available?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Hi Sir,

I have noticed you posting in property guru over a period of time and this compels me to ask why havent you chosen a seasoned realtor to seek consultation from? That would be so much more efficient and given this is a big ticket asset in the question- makes the process more streamlined. Do deal with professionals for a more detailed and guided process to get the best value for your buck.

Typical condo costs:
Max 75% loan, 25% downpayment and stamp duty payable. Minimum 5% cash payable, balance 20% can be a mixture of cash and cpf. Stamp duty up to 4% needs to be in cash first for resale purchase (first residential property count) and reimburse back if you have sufficient CPF.

Do contact me for a detailed discussion. This would allow me to better explain all the concerns and run you through key frameworks. At the same time, I would be most glad to offer some market insights and share transaction caveats for your understanding.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020/2021

ERA Top Achievers 2013-2021
ERA Multi-Million Dollar Club Award ‘2020-2021
2014-2020 ERA Asia-Pacific Business Read More

Hi
I would be glad to assist you.
Feel free to contact me @ 97100155  or https://linktr.ee/peiproperty.
Hope to hear from you soon.
Pei @Propnex
CEA :R011848B
Associate Group director Read More

Dear Mr. Mugen,

Hi, I am Brendan!

To purchase a condo, 5% downpayment have to be in cash. For a $1m condo, $50k cash required.
Understand you may not have sufficient cash for downpayment. How about temporary borrowing from parents first and once the sales is finalised, you return back the amount borrowed from cash proceed?

I will be able to provide free non-obligatory financial calculation before you make any decision.

Pls contact me at 9754 5207  .
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay,
Contact: (+65) 97545207 
Whatsapp: wa.me/6597545207
Email: bay.binhao@gmail.com
FB: facebook.com/BrendanBay.ERA/
Web: brendanbay.com/

ERA STAR Achiever April 2022
ERA Top 44th Achiever April 2022 (ILD)

100% Committed to Serve your Property Needs!

- Jay & Sonia, Residential Home Buyers -

Brendan is very responsive, efficient, and patient. He is able to understand our many needs and requirements for our next home. He translates that by filtering out properties not within our requirements and recommended only units suitable for us. We had benefited from his detailed financial analysis for us and sound recommendations.

- Max & Janice, Residential Home Sellers -

We were introduced to Brendan by our best friend, whom Brendan helped on the sale of their property. Brendan is very approachable and conducts himself professionally. With his unique marketing strategies and strong negotiation skills, we managed to sell off our property at a price beyond our expectations. Read More

What is your outstanding loan and CPF utilised for this flat?

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
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

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 Mr. Mugen,

1) First of all, you have to work out after selling at the range of price how much cash could you get before able to work out a plan.
2) When come to buying private property, you are restricted by the current policy implemented by the MAS.
3) MAS is making it more difficult for people to buy private property. Do act before more restrictions are imposed by the MAS.
4) If you have noticed that from the last cooling measures implemented in Dec 2021. MAS had reduced the percentage of income used for property from 60% to 55%.
5) So that using merely high income will not guarantee you could get enough loans for any private property.
6) You must be able to come out with a sufficient down payment; cash + CPF in order to buy a more expensive private property.
7) After you work out the possible amount of cash from your sales, you have to see how this could multiply the effect of a private property purchase.
8) Once we could determine the down payment (25%) then use your high income and maximize the leverage from the bank. We could work out the budget for your purchase.
9) After that, we will have to assess your risk factor to determine the right property for you.
10) Remember it is not the best that could work for you but the most suitable!!!

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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