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Dear Sir,

It is always good to start early when it comes to property investment. The first step is always to determine a comfortable budget by finding out how much loan you are eligible for. With the CPF and cash savings on hand, you can then determine a comfortable budget.

I can assist you to estimate the loan amount you are eligible for. Please feel free to contact me so that I can gather more information from you and do the estimation.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Sir/Madam

I will need more information to be able to advise you
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

Hi,

It depends on you are planning to purchase private or HDB.
There are 2 ways to calculate loans; MSR & TDSR.

MSR (Mortgage Servcing Ratio):
This is for purchase of all HDB, namely BTO, resale, new EC.
Only 30% of your monthly household income can be use for servicing your monthly mortgage.

TDSR (Total Debt Servicing Ratio):
This is for the purchase of private residences, namely new launch, non-complete project, resale.
60% of your monthly household income can be use for servicing monthly mortgage.

The total amount also dependent on the following:
1) how many credit cards you are holding, regardless of active or non-active.
2) Credit rating; A, B, or C. This rating is affected by outstanding loans and never pay on time, never own any credit cards etc.
3) Car loan from bank
4) Personal loan etc
5) Age, the older you are the less loan you will receive. Thus it is better to starts to own a property as young as possible, easier to receive a loan, and loan amount also can be rate as high as possible.

I'll give an example on how much loan you may receive on your age, using an assumption of both earn $5,000/mth for your reference: Assuming you don't have any outstanding loan and credit rating of A class.
1) MSR: estimate loan:
(a) HDB: $599,000 (25 yrs loan tenure)
(b) EC: $668,000 (30 yrs loan tenure)

2) TDSR: estimate loan; $1,336,000 (30 yrs loan tenure)

As for the last part of "which will exceed the 99 yrs lease", my guess is you are referring to the MAS ruling on loan and CPF usage. For your case, any remaining lease of lesser than 69 years affects the loan amount and CPF usage. According to the MAS rule, your youngest age of purchaser + remaining lease should be equal or more than 95. Anything lesser will affect your loan and CF usage.
There is a formulae on CPF website, remaining lease from 60 to 70, CPF usage is 80% to 100% of Loan To Value, HDB loan is 72% to 90% of valuation limit. I can only provide a range as I don't have the remaining lease info, your household income, CPF OA amount, etc.
Thus this is the best I can provide with current info.

Hope the above answer to your main concerns, but if there are more query, 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

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Hi,

Sure happy to assist and clarify on the latest policies. If the balance lease can cover the youngest buyer to 95 years old and beyond, you can use the financing up till max limits (ie. Max 90% for hdb loan, max 75% for bank loan. 100% of valuation limit for CPF OA). Otherwise, it will be pro-rated accordingly to how far the property can cover you in terms of age.

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)
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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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-- 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.

-- 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. Read More