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Hi,

Based on the limited info shared, you should be looking at properties around 500k to 550k. This is on the assumption you have turned 35 years old and estimated bank loan should be around 420k and buying on single singapore citizen scheme. You can't take hdb loan as income exceeds 6k per month.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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(Client's Testimonials)

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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

HI do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi

You may want to write to gavin.ng@orangetee.com and we will do an estimated cash flow for you.

Regards

Gavin Read More

Hi,

Assuming you're between 35-40 this year, without much liabilities, your maximum loan would work out to be around $420k.

Add in your CPF of $150k, you have a figure of around $570k. As you're only eligible for a bank loan, you will require a minimum of 5% cash as downpayment, which works out to be about $28k. Hence, you can purchase a HDB flat around the $600k. Of course, if you have extra cash, you can choose to purchase higher quantum flats.

Lastly, take note that you will also have to set aside funds of around 3% of the purchase price, which is meant for stamp duties.

Should you need any 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,

(1) MSR: Since you are asking about resale HDB, then your loan amount works out to be around $420k conservative calculation.
You are subject to MSR scrutinization on the loan amount with a loan tenure of 25 yrs.

(2) Loan Type: Under current rules and regulation of HDB, you are not eligible to apply for HLE if you are purchasing 5-rm and below.
Thus you will have to apply bank loan. Maximum bank loan is 80% for HDB flat. This remain unchanged with recent cooling measure.

(3) Cash needed: Assumption of $550k
5% downpayment = $27.5k (Your option fee + exercise fee are included in this amount)
15% downpayment = $82.5k (can use CPF)
Buyer stamp duty = $11.1k (can use CPF)
Mortgage stamp duty = $500 (cash)
Salesperson commission = $5.85k (cash)
Total cash amount need to prepare = $37k (inclusive of the downpayment & all other miscellaneous)
Total CPF amount needed = $94.2k

Monthly mortgage is estimated to be around $2k for 25 yrs loan tenure dependent on interest, using 2% for illustration.

(4) However, if you consider purchasing private property, you may purchase a $1M property. Because the financial calculation shall be based on TDSR.
Monthly mortgage is estimated to be $3.2k, with the rest of condition such as 2%, 25 yrs loan tenure.
Cash = $114k. CPF needed = $136k + 24.6K (BSD) = $160.6k

Hope the above can assist in your home purchasing, 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

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