Fendy's Realtor Inc

08/02/2023

Are you eligible to buy an Executive Condominium?
- 21 years old
- Combined Gross Income Not More Than $16k
- Min 1 Singapore Citizen & 1 SPR
- Must not own private property

Executive Condos are a hybrid of public and private housing.

You pay affordable prices and enjoy condo facilities like a gym, swimming pool, and 24/7 security. No wonder many Singaporeans dream of being able to afford an EC.

If you are one of the many, come and talk to me about how to realise your dream!

01/02/2023

Do You Know What is LTV?

For example, if you borrow $750k to purchase a property valued at 1 million, the LTV is 75%.

We love our acronyms: CTE, AYE, COE, HDB.
LTV is another acronym you need to know if you are taking a loan for your dream home.
The loan amount as a percentage of the property's value: the higher your downpayment, the lower your LTV ratio.

For new property, the loan-to-value ratio is calculated from the price you are paying for that property.

If you agree at a higher cost than the valuation price for resale property, the difference between these two amounts is called Cash Over Value (COV). Another acronym :)

Unfortunately, COV have to be paid in cash $$$
Bad news for those who don't have that much cash on hand, but I can help you in this situation. Call me up, and let's discuss it over coffee.

30/01/2023

How to Use CPF to Buy Your Dream Home?

If you are taking a HDB Loan, you may retain up to $20,000 in your CPF OA. Remaining CPF savings in your OA must be used for the flat purchase (up to the applicable limits).

Still Unsure?

Your dream home need not be a nightmare. DM me to find out more!

24/01/2023

Enough Credits to Finance a Flat purchase?

HDB Instalments can stretch to 30 years

Pte Property can stretch to 35 years

Many young couples dream of purchasing a home, but one reality check comes to mind: do you have enough credit to finance a flat purchase?

For HDB Housing Loan, apply through the HDB website to know your eligibility and the loan amount. Otherwise, approach financial institutions for a home loan.

HDB Loan is pegged at 0.1% above the prevailing CPF Ordinary Account (OA) interest rate.

For HDB Loan: No minimum cash payment if you have sufficient savings in your CPF OA and housing loan for the remaining balance.

Just give me a call and I'm happy to walk you through the difference between taking a loan from HDB and FIs.

10/10/2019

One and Only Asset Advancement + Seminar in Singapore

10/10/2019

Register now for the latest update on asset advancement!

10/10/2019

Back by popular demand! Register now for FREE SEMINAR!

10/10/2019

Register now for free seminar! Drop us a message to confirm your attendance

07/10/2019

Register for VVIP preview for this new mega project launch at Buangkok MRT.

SINGAPORE - A CapitaLand and City Developments Ltd (CDL) tie-up has clinched a commercial and residential site in Sengkang Central. Their winning bid of $777.78 million works out to $923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site next to Buangkok MRT Station.. Read mo...

07/10/2019

https://www.straitstimes.com/singapore/hdb-resale-flat-prices-rise-01-in-q3-flash-estimates

As for new flats, the HDB said it will offer about 4,500 Build-To-Order flats in Ang Mo Kio, Tampines and Tengah next month.. Read more at straitstimes.com.

07/10/2019

https://www.businesstimes.com.sg/real-estate/singapore-private-home-prices-up-09-in-q3-ura-flash-data

DESPITE Singapore's economic slowdown and downside risks ahead, private home prices rose for the second consecutive quarter, with at least one analyst saying this might prompt the government to respond with more cooling measures. Read more at The Business Times.