AskGuru Q&A Community

Hi,

Assuming the property appreciates when you are selling, the choice to pay full cash is always better as there is no need to return any accrued interest that will be there had the CPF not been utilized for property, and as a result you can get more sale cash proceeds once the sale completes. Your net position between the 2 choices will be better for an all cash funding of the purchase.

In reality, most of us would need to use CPF to fund the downpayment and the monthly of the ideal home, unless they can do away with a lot of their requirements such as a smaller place or a much cheaper home at an undesirable area.

The good thing about buying now is that interest rates are at all time low and will stay that way for the next few years, which means you are paying less interest overall when you sell in the future.

The typical breakdown of SC 1st residential purchase as follows:

Cash 5%
Cash/CPF OA 20%
Max home loan 75%
Stamp duties and legal fees approx 3%

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

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

Contact: (+65) 97432395 
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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! **

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. 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. Hope to hear from you soon and have a great week ahead.

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

Hi
As what I explained in my previous post, regardless of the purchase price of the condo, there are pros and cons to both options dependinng on your profile, furure plans and age. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,

Whether to use Cash or CPF towards your property mortgage depends on various factors.

Commitment levels change over time, you may not have any commitment now, but may have increased commitments in few years time?

Moreover, Cash is more liquid, and can be utilised in a short notice in times of urgent needs.

Let's have a proper discussion, I will be able to provide you with a more appropriate recommendation after I have fully understand your needs and expectations.

I am experienced and well-versed in both HDB resale and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Sir/Madam

I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Good day to you! I would be more than happy to assist you in the house purchase.

I believe property is a big ticket purchase and there are many details and information in the market that can be confusing. Rather than product pushing, unlike other agents, what I like to do is to go through the market sentiments with my friends and clients.

Topics such as
1. Over supply
2. How to time the market cycle
3. Most importantly, how the current situation in Singapore will affect the property prices.
4. Why today's market is a sweet spot where you will see 15% returns in the next few months.

Feel free to give me a call at 81255537  or email me anytime to set up an appointment with you (virtually) so that i can run through this with you. Thank you!

Warmest Regards
Thea
 81255537 
thea@theahoi.com Read More