Start With Your Budget
Before looking at properties, we should understand:
✓ Your available cash
✓ Your CPF
✓ Your housing loan
✓ Your comfortable monthly instalment
✓ Buyer's Stamp Duty (BSD)
✓ Additional Buyer's Stamp Duty (ABSD), if applicable
✓ Legal and other purchase costs
✓ Renovation budget
✓ Your existing property, if any
Then We Find The Right Property
Once we know your budget and requirements, we can focus on properties that actually suit you.
1️⃣ Location
Is it convenient for your work, family, school or daily needs?
2️⃣ Price
How does the asking price compare with recent transactions and nearby properties?
3️⃣ Layout
Does the space actually work for you and your family?
4️⃣ Development
What are the strengths and weaknesses of the project?
5️⃣ Future Resale
If you sell one day, who is likely to buy the property from you?
6️⃣ Rental
If you are buying for investment, what is the realistic rental potential?
Upgrading From HDB to Condo?
This is where proper planning is very important.
Before you start viewing condos, let's work out:
✓ How much can your HDB sell for?
✓ How much will you receive from the sale?
✓ How much CPF can you use?
✓ How much loan can you obtain?
✓ How much cash do you need?
✓ What will your monthly instalment be?
✓ Do you need to pay ABSD?
✓ Should you sell first or buy first?
✓ Where will you stay if the timelines don't match?
Don't Buy Based Only On What
You Can Borrow
A bank may be willing to lend you a certain amount.
That doesn't automatically mean you should spend that amount.
The aim is to buy the right property at a comfortable level.
