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Dear Guru,

I want to buy condo for investment, I am interesting in condo with tenant (Studio or 2 bed rooms). However, I need to know first if I have the affordibility of buying that condo. Currently I am a PR with salary per annum ard 60K. I have only 35K in my CPF and another 25K in my cash. I wonder if I could afford to do that investment ( say if I could get 90% loan).

Please advise.

Thanks
Sebastianus
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4 Answers

Hi Sebastianus,

First of all, you would need to get a rough indication of how much the bank is willing to lend if you would to purchase the property.

If you are buying a studio with a price of say $700,000. Assuming that you got a 90% loan, then the cash/cpf portion needed would be:
1) 10% of purchase price : $70,000
2) Stamp duty payable: $$15,600
3) Lawyer fee say: $2,500

Do let me know if you are interested in speaking to a banker to get the primarily income assessment done. I will recommend to you the bankers that my oversea/regular clients often used.

Regards
Zanna
Mobile: 8288-8090  Read More
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One North is currently being constructed, and come 2011, the 405-unit condominium will be completed in all its glory. Buona Vista MRT station is currently the closest station that will service the residents of One North, but when the Circle Line is completed One North MRT station will be nearer and more convenient to residents.

As One North is located near research and digital media buildings, this condominium is ideal for those working in the nearby buildings like Chromos, Helios, and A*Star. Amenities nearby include supermarkets and food centres, and Holland Village is not too far by car either. Different types of cuisines are also available surrounding One North, and well-known schools are all within reasonable walking distance.

Facilities in One North will include a sky gym, sky bridge, and a jacuzzi on the roof, to name a few. A masterpiece created out of predominantly glass and steel, One North will sparkle and gleam amidst other buildings

Give me a call should you be interetsed in this project as i have a few units up for sale, which suits your requirement.

Regards
Eric Lim 91877978  Read More
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------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh>>9856 9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1

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