2 Answers

YT Tan (陈永达)

If you have 250k in CPF and cash to make out 20% downpayment, you should able to afford a $1.25M EC provided the bank is able to loan you a max 80%. (these figures have yet to be inclusive of buyer's stamp duty, legal fees, valuation etc)

It will be best to obtain an in principle approval from bank before you purchase a place, thus you can have a better gauge how much will the bank loan you based on your incomes.

Hope it helps!

If you need assistance in your property needs, feel free to contact me.

Warmest Regards,
Senior District Manager
(M): 9111 5171
(E): yt.lovelyhomes@gmail.com
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(W2): yttan.stproperty.com.sg/
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Geryl Lim
Dear sir/madam,

Do you mean individual income at $4k or combined income at $4k?

It is in the best of your interest to speak to a professional financial consultant to work out your probable financial portfolio before you plan out your property purchases and sale, since they will also consider your probable financial commitments.

YT has done an excellent job in providing you the general financial outlay from your available funds in CPF to work out a quantum figure for purchase, but many times, the tricky portion is securing the loan.

Let me know if I am able to assist you further.


Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
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