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Dear sir/madam, Financially, I believe you are well prepared when it comes to the downpayment, however, to understand more about your loan eligibility, you will need to speak to a proper banker instead. With the implementation of the TDSR, many buyers and investors are greatly affected as they are unable to secure the loan that they require for their purchase. Speak to a banker first and we can work on the remainder once the financial profiling is done. Do note that should you purchase a 2nd residential property, you will be subjected to Additional Buyer's Stamp Duty. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More

Hi, congrats that you have fully paid up on your existing HDB loan, assuming you have no other property loan, then you will be eligible to apply for up to 80% loan financing as it will be consider as your one and only ppty loan. However it will be up to the bank assessment as they would have to factor in the Total Debt Servicing Ratio (TDSR) of 60%. Do take note that the loan tenure is 30 years or up to 65 years old whichever is shorter. Based on your said income of $6k and assuming you are below 35 years, there is a high possibility that you might be able to get an 80% assuming currently you have no other financial liabilities. So assuming your next purchase is your second ppty then you have to take note that other than the normal stamp duty that you are required to pay, you would need to pay for the additional buyer stamp duty of 7% (for 2nd ppty). So given that you have $300k and an income of $6k and assuming you are below 35 years and able to get an 80% loan financing then most likely you could only go for property worth less than a $1million. Assuming your next property purchase is $1million, the total stamp duty would be $94,600 and the downpayment would be $200K (20%), total cash outlay would be close to $300k already. There are still 2 bedroom freehold below $1million. It depends on the location that you are looking at. Currently i do have units in few districts namely D15, D19 that are freehold and below a $1million. Pls feel free to contact me at 84282282  or email me at kelvinchen.era@gmail.com if you would like to discuss further. Thank you. Read More