Seeking advice from pros here.
I am a 33 years old single intending to apply together with my parents, both of them are not working. This will be my first time applying for BTO.
We will sell our current 3R HDB in Hougang if I get a successful application.
Monthly income about $6,000+ after CPF deduction
After expenses I save around $2,500 monthly
Question is will I be able to afford 4R Kallang/Whampoa BTO?
This is my first choice since I work in CBD area.
Boon Lay drive will be my second choice
you can check this out to calculate whether u can afford..
https://www.srx.com.sg/hdb/bto/kallang-whampoa-2902
from what i see, you are the only source of income and you take home 6k+, so lets assume ur income is 8k.. you still need to pay $300+ cash per month to cover up.
only with income of 9.5k you can afford to not pay any cash.
this is calculation for a 535k whampoa flat, which should be a low floor one. a higher floor one worth 600k++ will need more cash top up per month
i may be wrong... but worth checking it out..
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