AskGuru Q&A Community

In terms of loan, basing on $5500 monthly income without other financial commitments, your loan quantum is estimated at $633,000. On top of your existing cash and CPF position, you are likely able to afford something in the range of $880,000.

As you are yet to turn 35, your only option will be look into private residential units. There are some options available but do not have the expectations that you will be able to get a big 2 bedrooms 2 bathrooms for such price range.

Let's discuss more on how we can assist you in this home search.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi There are a number of options. Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

Hi

Based on $5500 monthly fixed income with monthly cpf contributions, the approx max loan attainable is $633k.

This coupled with your cash and CPF OA available will total approx 880k. So the approx price to look at should be 850k as we need to factor in stamp duty legal fees as well.

As a single at your age, unfortunately there aren't many options except for private property or resale EC that has met the MOP of 5 years, most likely resale options. You will have a number of 1 bedroom options, but 2 bedroom may be limited or at locations that are much further out. But if you are able to build up another 50k to 100k savings and/or have income increment, by then $1mil purchase price may be closer to reach, which gives you more options for 2 bedder.

It makes sense to purchase if you have been paying 3600 for rent, especially if you still plan to stay on your own, and using cash at that. With bank loan repayments at least you can use CPF OA to service.

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
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

Buyer Mr. Kypas

I had the pleasure of working with Ivan Ng on my first property purchase, and I cannot recommend him enough.
Ivan patiently brought me around to view multiple properties across Singapore, always taking the time to answer every one of my questions — no matter how big or small. He was incredibly prompt and responsive throughout the entire process, which gave me a lot of peace of mind.
What stood out most was his depth of knowledge and the way he guided me through each step with clarity and confidence. There were moments when I, as the buyer, felt unsure or overwhelmed — but Ivan was always steady, reassuring, and never made me feel rushed or pressured.
At times, it honestly felt like I was being helped by a friend rather than just a property agent. Even after the sale was completed, Ivan continued to follow up on several matters that clearly went beyond what was required of him. He never once asked for anything more in return.
ERA is lucky to have him. If you're looking for someone trustworthy, professional, and genuinely invested in helping you, I highly recommend Ivan Ng.
Thank You.

Buyer Mr Wang & Ms Ng

We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the consid 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, may I get my mortgage broker to get in touch with you?

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

Dear Sir/ Madam,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance.

Wishing you a fantastic day ahead.

Why Choose Me
✅ Principal Realtor of SGAgent.com | SGRealtor.com | SGGuru.com l
With over 18 years +++ of experiences, trusted platforms that foster direct client relationships and long-term loyalty.

✅ Customer-Centric Approach – Dedicated to building genuine connections, transparency, and tailored solutions for buyers, sellers, and investors.

Whether you’re buying, selling, or investing, my expertise ensures a seamless and successful property journey.

Let me put my experience and resources to work for you. Reach out now to discuss your real estate goals:

• Singapore Line: (+65) 8889 9918 
• Email: onassis@sgagent.com

Onassis Gan
Principal Realtor of SGAgent.com | SGRealtor.com | SGGuru.com |
Your Partner in Real Estate Success! Read More

Hi,

1) With the info provided, your home loan for a private residential property is around $618K.
2) You are able to afford a $824k based on the loan available. The downpayment of 25% is $206k. Monthly installment is $2,333.
3) The buyer stamp duty for a $824k property is $19.32k, legal fees is $2.5k.
4) You are able to utilize your CPF for the downpayment. So, your cash needed is $177.82k.
5) This will not dried up all your cash saving after your purchase, and have a safety net of few tens of thousand.
6) I would not recommend to spend anything higher which might put you in an anxiety position.
7) As of current market, you could afford a 1 bedroom in Sol Acres (EC) in CCK which are asking around $800k~$850k.
8) You could also find some private 1-bedroom unit at Simei, Potong Pasir, East Coast, Changi, Serangoon, Woodlands, Pasir Ris & Hougang.
9) Note that the location provided of availability is based on current market. I can't guarantee they will be available 1~2 years later. :-))

All the best!

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More

Hello! It's amazing that you are looking to purchase a property yourself at 27 y/o.

First off, don't feel discouraged or think your options are limited as a single under 35! There are actually many property options you can opt for - in fact, I have already picked out 649 different options that you can choose from, with your current finances today. You're in a great position! :)

Secondly, you don't actually have to wait till your lease ends in 2026/27 to execute the purchase. For example, it could be an option for you to purchase a unit now, which you could rent out for extra income until your lease ends. As you may know, there are benefits to buying property as early as you can, since prices generally increase over time in Singapore. I do know some folks who missed the opportunity to purchase private properties when they could have afforded it in the past, and the prices have now unfortunately risen beyond their affordability today.

If you're up for it, I would love to run through with you some of the options I've picked out and support your home-buying journey. I can help with sourcing, analysis, negotiation, timeline management and final paperwork.

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, appreciate your sharing. Able to do a bank loan check first before proceeding next move.
To work out the budget = CPF OA + Cash + Loan.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

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

1. With a fixed monthly income of \$5,500 and no existing loans, you can expect a maximum loan amount of around \$633,000.
2. When combined with your current CPF and cash savings, your property budget realistically falls around \$850,000–\$880,000 after accounting for stamp duty and legal fees.
3. As you’re below 35 and single, options are limited to private property or resale Executive Condos (ECs) that have passed the 5-year Minimum Occupation Period (MOP), mostly 1-bed units. A higher savings buffer or income growth can later widen your range to 2-bedroom options around the \$1 million mark.

**"Do not wait to strike till the iron is hot, but make it hot by striking." – William Butler Yeats**
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

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

WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

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

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** 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 ”

=========

(4A)✅✅ For the Below Condominium that may Achieve TOP ( Temporary Occupation Permit / Relatively New Condominium which may faced Difficulties/ Challenges to rent / sell at your Expected Pricing as facing too many neighbour’s units competing to Sell / Rent Out ,...
(4B)✅ ✅ ✅ I am okays NOT TO be the Sole Exclusive Agent , but the “ Open Listing “, additional pair of hands to help you bring the matching buyer / tenant . “ May the Hardworking + Lucky agent close the Deal !!, ( Whether it’s me or another agent ,✅✅✅ I will still be HAPPY FOR THE OWNER !! ✅✅My advantage is : I myself , have a Small Team of Agents who will work together with me to cast a wider Marketing Nets to Reach Your Goal !!!

Below is a list for reference >> see if YOUR CONDOMINIUM IS BEING MENTIONED:

(4C)✅ ✅ ✅

(1) Affinity At Serangoon, (2) Canninghill Square, (3) Dairy Farm Residences

(4) Forett at Bukit Timah, (5) KI Residences At Brookvale, (6) Kent Ridge Hill Residences

(7) Leedon Green, (8) Lavender Residence, (9) Meyer Mansion

(10) MeyerHouse, (11) Midwood, (12) M Suites

(13) NoMa, (14) One-North Eden, (15) One Pearl Bank

(16) Phoenix Residences, (17) Riviere, (18) Riverfront Residences

(19) Tedge, (20) The Atelier, (21) The Iveria

(22) Verticus, (23) Zyanya, (24) Mayfair Gardens

(5A) ✅ ✅ >> FOR NEW CONDOMINIUM IN

✅ ✅ YEAR 2025 / APARTMENT PROJECTS In Singapore
(5B) ✅ ✅ the LIST :
(1) Arina East Residences, (2) Aurea, (3) Aurelle of Tampines (EC)

(4) Bagnall Haus (former Bagnall Court), (5) Bukit Timah and Duke's Road, (6) ELTA

(7) Former Anson Centre, (8) Former Robertson Walk, (9) Keppel Bay Plot 6

(10) Lentor Central Residences, (11) Marina Gardens Lane, (12) Media Circle GLS

(13) Newport Residences, (14) Orchard Boulevard GLS, (15) Parktown Residence

(16) Plantation Close (EC) (2), (17) The Orie, (18) W Residences Singapore- Marina View

***(5C) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** Connect Singapore Line: (65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually ben Read More