michael8330

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>peng_uin</i>在2007-3-26 14:24:00的发言：</b><br/><p>Hi Michael,</p><p>&nbsp;&nbsp; We(PR+my wife PR 2)&nbsp;want to buy a HDB or executive. At the mean time I am considering to apply for Citizenship. Do you think we'd better buy the house after Citizenship granted so that we can have 30k subsidy?btw,just got to know I am going to an oversea assignment (together with my wife)which may start from this July and last 9 month.That's why I have this second thought since there is not enough time to get Citizenship before I go.</p><p>&nbsp;Btw,my wife likes the excecutive in Jurong East(286-287) very much but the price is quite high &gt;400k.Do you think that area still has potential in terms of investment or further development?Thanks!</p><br/></div><p></p><p><font color="#f73809">9 month is a long way , and a lot of thing may change and now is the time that the market undergo change , so maybe after yr SC had approve , the price for Exec may already rise up more than 30k (since is only around 8% base on the area u like)</font></p><p><font color="#f73809">jurong east (286-287 toh guan) near to imm and is a nice place to stay and one of the newer area in jurong east, a lot of PR like to buy there cause is a 'safe place' to buy, not MUP and LUP for the next 10 year (different from&nbsp;other jurong east area, by 2014 all old flat in singapore will under go LUP, according to government)</font></p>

michael8330

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>yenfong</i>在2007-3-27 11:24:00的发言：</b><br/><table cellspacing="0" cellpadding="2" width="100%" border="0"><colgroup><col></col><col></col><col></col><col></col></colgroup><tbody><tr><td valign="top"><!--Element not supported - Type: 8 Name: #comment--><div>Thanks Michael helpful.<br/><br/><br/>I am PR ,I like to ask, If I go and view the house at 1 Apr 07, and I like the HDB,<br/>I need to tell them I like the HDB on the spot and give the deposit on the spot? or I need to come another day for second viewing then give deposit? Normally how much of deposit for the very frist time for market practice?<br/><br/>then we need to wait for 14 days, right?<br/><br/>then only we sign Option form and give another deposit, is this correct?Normally how much of deposit for second time for market practice?<br/><br/>May I know how long I need to pass all the cash and cpf to bank laywer after sign Option form? because I need to sell my CPF investment and some investment to get back all my cpf and cash. I don't want to sell them so early, because i sell my investment later, I will gain more.<br/><br/>May I know how long between exercise the Option to Purchase and first appointment?<br/><br/>I like to know what is the maximum time i can drag to pass the money to laywer after first appointment? the latter i can drag , i will earn more from my investment.</div><div></div><div>Thanks </div></td></tr></tbody></table><br/></div><p>I am PR ,I like to ask, If I go and view the house at 1 Apr 07, and I like the HDB,<br/>I need to tell them I like the HDB on the spot and give the deposit on the spot? or I need to come another day for second viewing then give deposit? Normally how much of deposit for the very frist time for market practice? </p><p>then we need to wait for 14 days, right?</p><p>then only we sign Option form and give another deposit, is this correct?Normally how much of deposit for second time for market practice?<br/><font color="#ff0000">u can place deposit at any time, there is not restriction, but how are u going to neg. the price?</font>
        </p><p><font color="#ff0000">deposit is up to from $1-$5k, now a lot is put 2K( 1k on obtain otp and 1k upon acceptance)</font>
        </p><p><font color="#ff0000">is up to 14 day, mean u can ex. the option ,after u have obtain the bank loan(may take 3-5 day)</font>
        </p><p>May I know how long I need to pass all the cash and cpf to bank laywer after sign Option form? because I need to sell my CPF investment and some investment to get back all my cpf and cash. I don't want to sell them so early, because i sell my investment later, I will gain more.<br/></p><p><font color="#f73809">u will have up to 3 week after the 1st appointment </font></p><p>May I know how long between exercise the Option to Purchase and first appointment?<br/></p><p><font color="#f70909">if submitted immediate, it will take up to 5 week , but some time the seller may need some time to look for another hse , so do take note</font></p>

michael8330

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>yenfong</i>在2007-3-27 17:54:00的发言：</b><br/><p>Let say the HDB sell S$300K, the valuation price is S$285K, the seller want $15k above vaulation price.<br/><br/>so around 2weeks from the 2nd appt date? or earlier or later?</p><p></p><p>The amount&nbsp;I need to pass to lawyer :</p><p><br/>If i loan from 80% from bank<br/><br/>Cash portion:<br/>15k + 14.25k(5% X $285K) = 29.25k<br/>The money will deduct the deposit i pay earlier. <font color="#ff3300">(yes)<br/></font><br/>CPF portion:<br/>42.75K(15% X $285K) <br/>Lawyer Fee (around $1500) <br/>HDB Stamp Fee:<br/>HDB Registration fee:$80<font color="#ff0000">(cash only)<br/></font>Bank loan stamp fee:around $500<br/><br/><br/>and pay the agent fee to agent by cash.<br/><br/>if seller or seller agaent already pay valuation report fee, at market practice , we need to pay them the fee or not? <font color="#f70909">(yes, u need to pay)<br/></font><br/>Is the above info is correct?<br/><br/>Thank you very much </p></div><p>i think u can work as agent already.[em05]</p>

michael8330

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>范塞特</i>在2007-3-27 22:49:00的发言：</b><br/><p>Pls help:</p><p>Q1: 2 person from poly just gradurated. After we get PR and married. Can we buy a house?</p><p>Q2: Since we just gradurated. May be we have a job, but we don't have a lot of money in CPF. So how about 5% from CPF.</p><p>Thanks a lot.</p></div><p>1. yes</p><p>2. cpf account no enough money , u can top up with cash.</p>

peng_uin

It seems the market is looking good from the professional point of view[em10]

范塞特

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>michael8330</i>在2007-3-28 11:03:00的发言：</b><br/><p>1. yes</p><p>2. cpf account no enough money , u can top up with cash.</p></div><p>Thank you&nbsp;for your reply.</p><p>I want a ask more further.</p><p>For example, we are 2 PR, and can we buy a house around 180k? ( maybe our total salary&nbsp;around 3.5k/month)</p><p>And can you help me to calculate how much we need to pay initially for both cash and CPF?</p><p>After that, how much loan we can get from bank? Monthly we pay how much? (both 20years and 30years)</p><p>Thanks a lot.</p>

xxywyf

<p>Michael:</p><p>&nbsp;&nbsp; My friend and I take same package from DBS (different banker),but he can get much more benefit ,for&nbsp; example :I have only 2 years fire insurance paid by DBS but he get 5 years,some more he enjoy more legal fee subsidy,and he&nbsp;get 10% loan 0 interest rate.&nbsp; Why there is&nbsp;so much&nbsp;difference?His benefit we can not see from DBS website,he said as he is DBS customer (he has DBS account) and his banker give him.But I am also DBS customer why my banker never give me? Thanks </p>

michael8330

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>范塞特</i>在2007-3-28 22:51:00的发言：</b><br/><p>Thank you&nbsp;for your reply.</p><p>I want a ask more further.</p><p>For example, we are 2 PR, and can we buy a house around 180k? ( maybe our total salary&nbsp;around 3.5k/month)</p><p>And can you help me to calculate how much we need to pay initially for both cash and CPF?</p><p>After that, how much loan we can get from bank? Monthly we pay how much? (both 20years and 30years)</p><p>Thanks a lot.</p></div><p>For example, we are 2 PR, and can we buy a house around 180k? ( maybe our total salary&nbsp;around 3.5k/month)</p><p><font color="#ff3300">can, u can loan up to est. 350k for 30 year.</font></p><p>And can you help me to calculate how much we need to pay initially for both cash and CPF?</p><p><font color="#f73809">5% cash (any amount above the valuation u need to pay cash , now it will be around 10k-15k)and 5% cpf plus around 2.5% of the purchase price for legal fee&nbsp;and stamp duty. and 90% loan </font></p><p><font color="#f73809">example u buy 180k, valuation 170K&nbsp;</font></p><p><font color="#f73809">10k cash (cash above valuation)</font></p><p><font color="#f73809">5% cash of the purchase price: 8.5k</font></p><p><font color="#f73809">5% cpf : 8.5K (if yr cpf account have no enough , u can top it up with cash.)</font></p><p><font color="#f73809">stamp duty: $1800 (cash or cpf)</font></p><p><font color="#f73809">legal fee $1800 (cash or cpf)</font></p><p><font color="#f73809">90% loan :$153000 base on 3.75%</font></p><p><font color="#f73809">20 year u need to pay : $908</font></p><p><font color="#f73809">30 year u need to pay : $709</font></p><p></p>

michael8330

QUOTE: 以下是引用 xxywyf 在2007-3-29 12:10:00的发言：

Michael:
My friend and I take same package from DBS (different banker),but he can get much more benefit ,for  example :I have only 2 years fire insurance paid by DBS but he get 5 years,some more he enjoy more legal fee subsidy,and he get 10% loan 0 interest rate.  Why there is so much difference?His benefit we can not see from DBS website,he said as he is DBS customer (he has DBS account) and his banker give him.But I am also DBS customer why my banker never give me? Thanks

i have check with the dbs banker regards this Qns, he mention that all customer are treated fairer , the only possible cause will be due to different point of time they take the package, like those last year are enjoy 5 year fire insurance and those sign up this year are enjoy 2 year fire insurance.

聪明糊涂

I would like to buy condo but I am not sure whether it's the same in interest rate of loan compared to HDB if say 90% debted from bank. I am PR. Another question is normally what's the room for bargin with the owner, say asking for 380k what's the lowest offer for owner to take? Thank you very much!