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Hi,

It depends on how much loan you are comfortable with at this phase in life, and also factoring in your current family commitments. ABSD of 7% will also be payable on the 2nd residential property. I guess renting out the Exec flat is out of the option since your family of 4 needs the space. Thus, 1 bedder investment property seems like a likely option. May I know any projects have caught your interest thus far? Thanks and hope to discuss further and understand your requirements better.

Warm Regards,
Ivan Ng
Proactive. Sincerity. Feedback.
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good evening investor,

It will be best to find out what is the loan quantum you can obtain if you intend to obtain max 80% bank loan as you will reach retirement age of 65 years old in 14 years (this will be your loan tenure).

If you had utilised CPF OA funds in current property and will like to use the excess in this purchase, you have to keep half of minimum sum of $80.5k in CPF OA and/ or SA before you can use the excess.

Your finances on hand will be used to fund these:

1) 5% cash downpayment
2) 15% CPF OA funds or cash downpayment
3) estimated 3% buyer's stamp duty
4) additional buyer's stamp duty of 7% if you are Singaporean
5) $2.5k legal fees
6) $500 stamp duty for mortgage
7) valuation fee etc

May I know how can my banker get in touch with you?

Once we have the in principle approval, we will have a better idea what are the properties that will fit your budget.

Hope to hear from you soon!

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
(W): www.propertyavenue.com.sg Read More

Hi,
You have good financial background.
As the purchase is for investment, rental yield will be an important factor for consideration. Any 2 bedrooms property unit will be good choice for investment.

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