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Hi there,

I will be able to assist you with your financial calculations and also with your purchase journey.

You may reach me at 94507283  for further discussion.

Thank you

Gary Shien
Associate Group Director
PropNex Realty Pte Ltd Read More

Good day to you,

The Total Debt Servicing Ratio (TDSR) is limited to a maximum of 55% of your total income, provided there is no existing home loan. Factors such as secured and unsecured debt, the age of the youngest borrower, the duration of the loan, and the loan amount will influence the approval of your application. It would be wise to engage a banker to assist with your approval principles, while we assess the financial situation for the sale of your property. With this information, we can determine what options are available for both of you.

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Schedule a Free Consultation Today! Let's discuss how I can assist you in your property journey. For more informative insights, follow our short video here: https://www.youtube.com/@YourSGHomeCompass-MLnU.

Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Hi! You are in a good financial position to make the upgrade that you are hoping for.

I've already done some financial calculations based on the information you've provided, and I can share with you what the total loan, monthly mortgage commitments and cash outlay and your reserve savings might look like if you sell your HDB to upgrade into a freehold condo.

I've also found a specific undervalued 2BR freehold condo unit currently for sale in Changi for you to have a sense of what you might upgrade into. This one is 7mins walk from Tanah Merah MRT in an integrated development with F&B and retail outlets.

Let me know if you wish to discuss. I support all my clients on the financial calculations and understanding needed to execute home purchases within their means and for the best financial outcome. I also help with sourcing, analysis, negotiation, timeline management and final paperwork for both selling and buying.

I'm a Harvard graduated real estate agent with a degree in economics, and would love to schedule a free consultation to support your home upgrading journey.

Feel free to reach out via whatsapp or email.

Kay Cloud
Associate Advisor
Propnex Realty Pte Ltd
cloud@propnex.com
 (+65) 85674585  Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, perhaps I could refer a mortgage broker to you?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi

The loan attainable depends on also whether you have any other loan installments besides car loan, as well as your credit score. May I know the monthly car loan installment as well? Let's assume the following

Average age 41
Gross monthly income with monthly cpf contributions $7k
Car loan installment $1k
Good credit score

Your approx loan attainable will be $527k, based on 24 years loan tenure, and required 4% rate calculation under TDSR.

Assume your sale cash proceeds plus cpf refund will be approx 475k, we have the following

Cash sale proceeds and cpf refund 475k
Max loan attainable 527k
CPF OA ?

It will depend on how much CPF OA you have available for the purchase. For a $1mil budget you should have some 2 bedroom options in the flora area for freehold condo, but they may be older projects.

May I know how much CPF OA available so to ascertain your working price range?

Happy to assist more on a more detailed calculation. I have helped several hdb owners to smoothly upgrade to their next property, and your scenario is common as the older hdb faces lease decay issue. Switching to freehold is a good move for legacy planning purposes.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property Read More

Hi, appreciate your sharing. Propose to check with banker base on current age and income to determine maximum loan before able to work out on the budget. Able to meet up and share the options to explore.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi

Contact me to help you on this. Your neighbourhood agent. :)
 8938 7686 

Mei Foong
Propnex Read More