University | National University of Singapore (NUS) |
Subject | Property Management |
- Explain the criteria for taking a housing loan.
- Explain the criteria for using CPF savings and housing grants for a home purchase.
- Analyse clients’ housing loans and how they can be financially prudent.
- Explain the impact of a client’s financial standing when taking a housing loan.
The couple has the following requirements:
- They are looking for a condominium unit of 90-120 square meters. It must be affordable and within their financial means, after taking into consideration the loan policies and requirements.
- As they intend to start a family in a couple of years, the flat must have at least 2 bedrooms as they wish to have a room for their child.
- If possible, they wish to be near Cheryl’s parents who are staying in Paya Lebar. They have heard from their parents that the government is giving housing grants to first-timers and they wish to apply for grants.
- They prefer a flat that is less than 15 years old.
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