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I'm interested to invest on private condo in SGP. I'm currently posted to overseas (2011 to 2013) but continue to contribute CPF. My monthly salary is 8K SGD. I'm 39 yrs old and my wife is 35 but no income since last year. Before, her monthly income is 4K. Having cash about 200K. Still having outstanding bank loan for my HDB but balance in CPF is sufficient to clear the loan. What's the my budget should be? Can I still take bank loan for 30yrs?
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Catherine PANG
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The S&P process needs careful and confident planning in financial, timeline and checklist especially HDB, CPF, bank and lawyer etc. Recently my client 'suddently' bought a dream condo while 'holding on' to a HDB flat. They needed the extra 'funds' for the condo. Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit. Engage an agent if you expect a consistent S&P process. The stress relief effort is enormous and the commission is insignificant. Check this site: www.catherinepang.com Read More
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