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Dear Gurus, I would like to know what options do I have if, my monthly income is 4.2K gross and with 10 000 in CPF and cash between 180K-200K and presently having a HDB with outstanding loan? I am intending to have it as an investment. Please give me as much info as your expertise can provide.
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1 Answer

J.A. Goh 吴永益
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Hi Investor,

Looking at your financial situation, and if you really want to invest, commit to a Studio or 1-BR unit, and at a price range of $450K.

Any amount more than that might wipe out all your cash portion, which will be unhealthy, and your CPF amount is not enough. As you still have outstanding HDB loan, bank will only loan you 60%. You have to ensure that your cash portion must be enough to pay up the 40% + Stamp Duty (3% - $5,400)

Please feel free to drop me an email or call me directly for a non-obligation discussion. Alternatively, we can also meet up to discuss at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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