5 Answers

Afternoon Jace,

If you are SC, it would be good to purchase HDB first before you venture in private property. This would allow you you to get housing grant, ranging from $20k to $40k, if you are using HDB loan.
HDB interest rate is at 2.6% flat while bank interest rate would differ between banks and what type of package you take. If you have outstanding credit card loan, it would depend on your credit record and total debt ratio before the financial institute works on how much loan you can get.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Hi Ms Jace,

It is not only about the income right now that matters but like what Mike has mentioned, how much are you eligible to loan up to as well as how comfortable are you in financing the purchase. All Singaporeans are given the opportunity to enjoy the housing grant of about $40k, however, do not be short-sighted by this $40k savings while you miss the opportunity to put your money in a project which can give you better capital returns upon selling. Finding the right balance is important. Many, like yourself, are also seeking the 2nd property for passive income, but with the current climate, it makes it difficult to do so therefore the opportunity of investment in overseas property comes along.

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
https://www.facebook.com/propertyblogshop
https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e

DAG - Dynamic Alliance Group @ www.DAG.com.sg
Landed Dynamic Alliance
Home of *7772 Hotline
We Sold More Than 100 Landed Homes
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!

**Aspiring to be your preferred partner in real estate**

The Game Is Changing...
International Property Opportunities Await!
Don't Be Left Behind!
More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment.

I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More
0
Hi Ms Jace,

Thanks for your post in Propertyguru.

I have always advised my clients to increase their portfolio to aim to own more than 1 property in Singapore and what is also what you wish to achieve as of now. There are a few methods of doing so. Getting a HDB first is a totally different ball game from getting a condominium first. The subsequent moves will be totally different. I will also need to see how much ready cash and CPF you have on hand now before I can advise further.

If you are ok, maybe I can meet up with you and your hubby and I can share with you the difference in getting a condo first and getting a HDB first and how your next purchase will be affected. No worries as there will be no obligations in the meeting up. We can just take it as a chit chat session.

I have served many clients along the way and many of them have also left testimonials for me on my website, www.jeffreyheng.com. You may take a look and maybe you can catch a glimpse of how I serve my clients.

Hope to hear from you soon. Thanks.

Best Regards,

Jeffrey Heng
Deputy Division Director
ERA Realty Network Pte Ltd
Property Navigators (The #1 Team in ERA for 2009 and 2011)

Mobile : 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More
0
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Blessed , Regards

Koh Z H - Agt
hp- 8 2 7 9 8 3 2 7
Cea Reg - R 0 5 7 8 1 0 C
Orangetee - L3009250K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

Welcome owner/Landlord to list through us

Residential , Commercial , Industrial
Room Rental Welcomed too Read More
0
Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
1

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions