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Good morning Ben,

Great hearing from you!

Seems like you have a great knowledge of the initial outlay. Yes you are right that since you don't have sufficient CPF funds to cover the minimum sum or CPF downpayment and stamp studies, you have to pay all these in cash.

May I know how much cash have you set aside for this purchase?

As you don't have any outstanding loan, you will be able to obtain up to 80% bank loan (still subject to total debt servicing ratio). TDSR will be used for private property purchase while MSR is normally for HDB related property like HDB, DBSS and EC.

It will be good to let me know how much finances do you have and how much can you loan so I can advise which are the projects suitable to you.

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,

MSR doesn't apply to purchase of private condos, only TDSR of 60%. May i know how much cash have you set aside for the 20% + 10% outlay? Also, how much loan will be attainable? Have you tried doing an IPA? This will give you a better idea. on hand I have some value-buys projects I would keen to share with you once I have more details. Thanks and hope to assist with your investment plans further.

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

Hi Mr Koh,

Firstly, do note that only TDSR is applicable to private property purchase.

Have you gotten your loan approval done? If not, I can link you up to my network of bankers and they will assist you with the IPA, furnishing you with the different bank rates for your perusal, at no cost.

With the loan aspect cleared, we could proceed to ascertain your finances well. I'm glad you understand that 20% DP + 3/7% BSD/ABSD applies however, I'll need to know exact figures to chart your financial cash projection flow and breakdown of progressive payments and it's timeline to assess and suggest options to you which will value add your portfolio + maximize your interest and welfare.

Let's get in touch at +65 96659926  for me to understand your requirements, expectations and objectives.

Do note that there is NO agent fees involved and I will walk you through this whole tedious process of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

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

ERA 2015 Q1 Top Achievers (Top 1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 April ERA Top Achievers
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More

Hi Ben,

Before we talk about what to buy, have you considered what are the various options available to you in growing your wealth?

Based on your current intentions, you are willing to pay 7% ABSD to own a second property. However, is this the best option for you?

What if you are able to save on the 7% ABSD and still have a systematic way to grow your wealth and increase your property portfolio?

Let's meet up over coffee to understand more about your property plan and how I can customize a plan that suits you.

Looking forward to meet up with you.

Kelvin Lin
 93369034 
PropNex Read More

Dear Ben,

Yes, the 20%DP + 3%STAMP + 7%ABSD need to be paid in cash.

The MSR is only applicable to EC and HDB so will not affect you. You will only be affected by TDSR.

It will be good for you to calculate how much initial payment you are comfortable with and to check with banker on your loan first. Once done, you can start your property hunting.

I will be marketing a new launch at Fernvale known as High Park Residences. Very affordable price with unbelievable landscape and facilities.

Feel free to conduct me if you are keen on this project.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Team Associate Director
OrangeTee.com Pte Ltd
Mobile: 90906267 
Email: johnny.goh@orangetee.com
Website: johnny-goh.com Read More