facebookIf I only have $15k cash and $100k in my CPF OA, what kind of property (if any) am I able to afford? - Seedly

Anonymous

26 May 2019

Property

If I only have $15k cash and $100k in my CPF OA, what kind of property (if any) am I able to afford?

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Douglas Chow

26 May 2019

Chief Enlightenment Officer at Empower Advisory

Hi Douglas here, 2nd keynote speaker.

For pte residential properties, you should aim to have 5 to 10 % of the property purchase in Cash since you can only borrow 75% max. 5 % cash as downpayment and 20% in a combination of CPF/Cash ...

At this juncture, you should be able to afford a brand new BTO or a resale flat with ease. You just have to right size, according to your budget.​​​
You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey.
Regards
Douglas Chow

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