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What is the minimum income i need to earn to buy a Condominum?

I am self-employed merchant, with monthly income of 9k~12k USD.

At the same time, i am the only sole bread winner with 2 kids, and 2 aging parents to support.

My wife is not working and i need to support her parents' living as well.

Altogether i have about 7 persons to support including myself.

Is my income safe enough to buy a Condo?
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4 Answers

Hi Mr. Baker,

It depends on your monthly commitments, projected downpayment and the kind of lifestyle you prefer. As a foreigner, there are additional buyer stamp duties, which totals 18% of the purchase price. But if you are a US citizen, 15% ABSD will not apply. Thanks and hope to understand your requirements to further value-add to your housing plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Hi Mr David,

Thanks for your query!
The key in achieving the affordable balance and feasibility solely depends on your prior commitments and lifestyle preferences , so that we can work on the options on how to ensure you do not over stretch your comfortable budget.

Perhaps we could speak further so that I can understand your requirements and finances on hands to conduct the financial progressive payments and succinctly shortlist units for your consideration.

To add, there is no agent fees involved and I will walk you through the entire procedural framework of purchase- shortlisting of units, negotiation, paperwork, market insights report, comprehensive customized sales/rental report, latest up to date transaction caveats in chosen project and handling all legal coordination and admin matters. My service and consultation comes at no cost , and your interest is protected at every step.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
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2014 ERA Asia-Pacific Business Conference Elite Award

P Group
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Hi David,
Is the purchase for investment?
If yes, then only have to settle the down payment + Stamp duty and legal fee. Majority of the subsequent instalment should be paid by the rental.

If is for own stay, the evaluation will be different.
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
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GAN ENG JOO ONASSIS
Hi Mr Baker,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents. 1.2 million 3 bedroom freehold unit at Gloria Mansion will meet your needs :)

Tell us more about your requirements with locations, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
Email: Onassis@sgrealtor.com
Skype: incomecare

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