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Good afternoon Adeline,

Based on the preliminary info shared, it may be better to purchase under your sole name instead. Adding your spouse's name will incur the ABSD, which for Singaporean is 12% for the 2nd residential property.

With a total of 230k in cash and CPF OA, and purchasing under your sole name, a property priced max around 820k will be ideal, yes there could be some options in the OCR region outskirts area to consider. Yes you can also purchase just 5 years resale EC no issue.

I have worked on similar cases and will be happy to share the best approach. 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 Top 600 Achievers in Year 2017 (Top 10%)
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SMU BBM (Finance), Magna Cum Laude
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Hi Adeline,

There are ways to go about this. Drop me a message @ 8118 4108  and i can run through the process with you.

Regards,
Nicholas Read More

Hi Do contact me at 97970200  to discuss more on your options

Mark, your RIGHT choice
Propnex Read More

Hi Ms Adeline,

I think what's best at this moment is to sit down and work out your finances throughly and explore each option, to see if the proposal is deemed feasible. A vague response may not fit your case. Do contact me at 96659926  for a discussion , non obligatory of course, to work out the best solution in this case. I provide free consultations , and will be more than happy to clarify your doubts and add value and insights to your perspective on your intended home purchase.

Visit my website for my recent accolades and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2018 Read More

Hi Adeline,

From the given scenario, your option is to buy a private unit in an apartment or condominium.

As a sole owner, the normal buyer stamp duty is applicable if you are not holding ownership of another property. Loan will likely to be 75% Loan to Value (LTV).

Based on your age and income, you are likely able to take a bank loan of about $650,000 loan. Together with your CPF fund and cash, you should be able to afford a 2 bedroom unit.

Do note that the above is broad and based on the scenario provided.

If you would like to text 9620 0827  , we can fine-tune and share with you the calculation.

Regards

Gavin Read More

Hi,

Based on your above description, you should be able to get a maximum of about $668k of loan. Add in your CPF-OA of $110k and Cash savings of $120k, your probably can get a property around the value of $850k-$900k, inclusive of stamp duty and other misc cost.

You should be able to get something within your comfortable budget in Yishun/Sengkang.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your home purchase. Please get in touch with me for a more in-depth discussion.

Should you need require 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

Dearest Owner,

Kindly reach me at 97403994  , for a non-obligatory discussion.

Best Regards,
Alvin Toh
ERA
alvintoh.era@gmail.com Read More

Hi Adeline,

Based on the information that you have provided, you will be able to secure a loan of about $670,000 with a monthly mortgage of about 2.6k. With your OA and Cash Savings, you will be able to afford a 2 bedroom unit in a good location with future upside potential.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance and recommendation.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
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