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Hi, I am 42yrs old Sporean & wish to buy my first home, looking at a condo around $1m

Ny husband owns a fully paid HDB by himself.

May I ask around how much down payment is required? Monthly mortgage etc?
I wish to know more before I commit.

Thanks for your professional advice.
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8 Answers

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, with a budget of 1m, you would be getting a 2 bedroom unit and could I also refer a mortgage broker to you?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi, appreciate your sharing. I will advise best consult the banker to check out the loan amount, able to share with you their contact anytime. Payment for down payment
5% - cash
20% - cash/CPF OA
assuming 75% loan attained
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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Hi,

Since you do not own other residential property, it will be considered your first property. Breakdown as follows

Cash 5% 50k
Cash/cpf oa 20% 200k
Max loan 75% 750k
Buyer stamp duties and legal fees 27.1k

277.1k needed. Monthly mortgage will be approx $3862 for 21 year loan tenure at 3.25% fixed rate loan of 750k

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

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi Do contact me at 97970200  to understand more and send you the calculation.

Mark, your RIGHT choice
Propnex Read More
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Dear Mdm,

Thank you for reaching out and expressing your interest in purchasing your first condo. It's an exciting step, and i hope to help you out here with some advice.

Owning a condo is a significant milestone, and I understand that you have some questions about the financial aspects. To provide you with a clearer picture, let's break it down:

1. Down Payment: Typically, a down payment for a condo purchase in Singapore is around 25% of the property's purchase price. In your case, with a budget of around $1 million, you'd be looking at a down payment of approximately $250,000.

2. Monthly Mortgage: Your monthly mortgage payments would depend on various factors, including the loan tenure, interest rates, and the specific mortgage package you choose.It's essential to connect with a mortgage specialist to get personalized rates and options tailored to your situation.

I completely understand the importance of gathering all the information you need before making such a significant decision. Purchasing a home is not just a financial transaction; it's about finding a place where you can create lasting memories and a sense of belonging.

Please feel free to reach out to me at 8193 1413  so we can discuss your requirements in more detail and begin your exciting journey towards homeownership.

Best Regards,
Winnie Read More
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Hi Yong Yong,

1. May I know if your husband HDB has reached 5 years MOP?

2. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.

3. For Singaporean 1st Property Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
Legal fee = $2,800 (estimated)

Assuming interest rate at 3.3%, loan installment will be estimated $3882/month
Please contact me at (65) 9660.8508 and I can share the breakdown for this calculation including timeline.

4. How many bedrooms are you looking at and which area you prefer?
To check out other project: https://96608508.eraagent.sg/projects
I have current price list, promo of every projects in Singapore and will be glad to advise you

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 9660.8508
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) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More
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I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

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
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Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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