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I would like to seek advice from the gurus, based on my following financial criteria could I afford to purchase and own a pte condo:

1) Single.
2) Annual income - $62,000
3) CPF OA bal - $120,000
4) No other financial obligations.

If yes, what is the range of property price I should be looking at? Currently living with family but thinking of getting my own hole.

Thanks.
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2 Answers

Jackson Woo 吴威璋
Replied
Morning,

Looking at your salary and stuff, it would be possible for you to own a private property ranging 600k to 650k.

i can get a bank to do a more detailed calculation so that we can know what is a comfortable level for your budget.

but the important point is which location you would like to stay in.

if you are interested, you can contact me at 82331685  and we can have a more detailed discussion so that i can better service you in looking for your perfect hole.

Nicholas. Read More
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Ander Ang
Replied
Hi Weng,

Looking at your income and CPF balance, a pte condo @ $650k should be within your reach. It would be better to get approval-in-principle done first to accurately determine the amount of loan bank is willing to lend you. I can help you with this.

Appreciate you can call me at 96836230  or drop me a mail at anderang@hotmail.com. I would like to find out more from you regarding your criteria for your condo unit you intend to buy.

Looking forward to your reply.

Thanks,
Ander ERA Read More
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