Hellow guys, Welcome to my website, and you are watching How much Salary to Buy a Condo in Singapore as a Single. and this vIdeo is uploaded by Chris @HoneyMoneySG at 2023-08-28T05:00:06-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How much Salary to Buy a Condo in Singapore as a Single |
| Video Uploader | Video From Chris @HoneyMoneySG |
| Upload Date | This Video Uploaded At 28-08-2023 12:00:06 |
| Video Discription | Sponsor: 🐂 Webull Singapore https://hmsg.link/sgwebull 🏠 Book a call with Ohmyhome https://hmsg.link/ohmyhome 📙 Advanced Credit Card Mastery Course: https://hmsg.link/accm ☕️ Support me at Ko-Fi: https://hmsg.link/shop 🔭 Telegram Group: https://t.me/HoneyMoneySG 📷 Instagram @HoneyMoneySG https://www.instagram.com/honeymoneysg 🎵 TikTok https://www.tiktok.com/@honeymoneysg 📧 Email (Business only): sghoneymoney@gmail.com 🕸️ My Website: https://hmsg.link/website INVESTING 📈 Interactive Brokers: https://hmsg.link/ibkr 🐮 Moomoo SG https://hmsg.link/sgmoomoo 🐯 Tiger Brokers SG Code HONEYMONEY: https://hmsg.link/sgtiger 🐬 uSMART Securities Code nn8gx7 https://hmsg.link/sgusmart 📝 POEMS Cash Plus: https://hmsg.link/poems 💵 ProsperUs Code: HONEYMONEYSG https://hmsg.link/prosperus 📗 Seeking Alpha Premium Offer https://hmsg.link/seekingalpha 📈 IBSG Sign-up https://hmsg.link/ibsg CREDIT CARDS & PAYMENT APPS 💳 Credit Cards Affiliate Links (Singsaver gifts) https://t.me/sgpromocode 🔎 Google Pay lp0l598 https://hmsg.link/googlepay 💴 Instarem Amaze Code: NhkWBH https://hmsg.link/amaze 🚌 Revolut SG https://hmsg.link/revolut ☯️ YouTrip https://hmsg.link/youtrip 🙏 Trust Bank Code: HUQPC614 https://www.trustbank.sg 🅱️ BigPay referral KJN6MN5GS0 at http://bigpay.link/referrals 🚩 Wise https://hmsg.link/wise ✈️ Kris+ App Code: C647172 https://hmsg.link/krisplus 🛍 Shopback $5 Code: caQmJa https://hmsg.link/shopback 🧾 DBS Paylah! $5 with code CHRHAF684 😻 Favepay https://hmsg.link/fave 💰 iPayMy https://hmsg.link/ipaymy 💳 CardUp Code WAIKITC316 https://app.cardup.co/users/sign_up ♾️ Max Card https://hmsg.link/heymax LIFESTYLE 🎮 Sony PS5 https://hmsg.link/ps5 🛍 Lazada https://hmsg.link/lazada 🛍 Qoo10 https://hmsg.link/Qoo10 🛍 Aliexpress https://hmsg.link/aliexp ⭐️ CapitaStar App $5 https://hmsg.link/capitastar 🏬 Lendlease Plus $5 referral code NsHQKY https://hmsg.link/lendlease 🛒 NTUC Union https://hmsg.link/ntucunion 🐼 FoodPanda https://hmsg.link/foodpanda 📞 ZYM 4G $10 Plan https://hmsg.link/zym4g 📞 ZYM 5G $19.90 Plan https://hmsg.link/zym5g FINANCIAL ☣️ Syfe Code: HONEYMONEY @ https://hmsg.link/syfe 🦉 MoneyOwl Code: 8JPW-62FZ https://hmsg.link/moneyowl 🤖 Endowus https://hmsg.link/endowus 💸 Stashaway https://hmsg.link/stashaway 🍫 Chocolate Finance https://hmsg.link/chocolate BUSINESS 💼 Osome Services https://hmsg.link/osome 🦅 AMEX Highflyer Card https://hmsg.link/highflyer ☯️ YouBiz $50 Code: zi94mVNK @ https://hmsg.link/youbiz TRAVEL 📳 Airalo Code CHRIS7822 https://hmsg.link/airalo ✈️ Klook https://hmsg.link/klook ✈️ Airasia App https://hmsg.link/airasiaapp ✈️ MSIG Travel Insurance https://hmsg.link/msigtravel ✈️ Allianz Travel Insurance https://hmsg.link/allianztravel ✈️ Starr Travel Insurance https://hmsg.link/starrtravel ✈️ TIQ by Etiqa Code R56612 https://hmsg.link/tiq 🏨 i-Prefer Hotels https://hmsg.link/iprefer PROFESSIONAL SERVICES: 🤝 DareToFinance Fin Planning https://hmsg.link/daretofinance Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews. _________________________________________________ 1. Location - CCR, RCR, OCR - Nearer to city? - Consider 2-3 bus stops from MRT 2. Size & layout - 600-800 sqft - Studio, 1-Br, 1B1S, 2-Br 3. Your purpose - Long stay vs investment - At least till 35 - Give up BTO dream & Housing Grants 4. Your CPF and Cash Savings Initial commitment for $1.2M 2-bedder - 25% Downpayment = $300K (At least $60K must be cash) - BSD = $33K - Lean Renovation + Appliances + Other fees = $27K Total $120K Cash + $240K CPF or Cash = $360K Mortgage for 30 years tenure for remaining $900K, 30 years tenure at 3.75% p.a. = $4168 per month At max CPF salary ceiling $6800 from 1 Jan 2024 onwards 23% * 6800 = $1,564 CPF OA Remaining = 4168-1564 = $2604 Rent out 1 bedroom at $1600 per month, cash outlay = $1004 Add monthly maintenance fees $400 = 1004 + 400 = $1404 Cash outlay Total monthly commitments $1564 CPF + $1404 Cash = $2968 (round up to $3000) - Assuming continual rental income (tenant or landlord market?) - Mortgage should not take up more than 33% of monthly pay - Gross Salary $9000 to afford a $1.2M, 2-br condo in OCR (Aug 2023) - Excluding the $360K Cash/CPF for the initial commitment #Sponsoredby #Webull |
| Category | Education |
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