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If I can afford to pay a mortgage of RM1500 per month, what property would you recommend

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To determine which properties you can afford with a monthly mortgage payment of SGD 1,500 (assuming the conversion from RM to SGD is not a factor here), you can use several tools available on EdgeProp.
1. Affordability Calculator: This tool helps you check how much you can borrow to buy a home based on your income, expenses, and other financial commitments. It will give you an idea of the maximum loan amount you can secure, which in turn will help you narrow down the price range of properties you can consider.
2. Mortgage Calculator: This calculator allows you to calculate the monthly cost of your loan repayment, including the interest payable. By inputting your desired monthly payment of SGD 1,500, you can estimate the total loan amount and the corresponding property price range.
Given these tools, here are some general steps to find a suitable property:
- Use the Affordability Calculator to determine your maximum loan eligibility.
- Input your desired monthly mortgage payment into the Mortgage Calculator to estimate the total loan amount.
- Search for properties on EdgeProp within the estimated price range.
- Filter your search by location, property type (HDB, condominium, landed), and other preferences to find properties that match your criteria.
For example, if your calculations suggest you can afford a property priced around SGD 400,000 to SGD 600,000, you can search for HDB flats, smaller condominium units, or even some of the more affordable landed properties in less central areas. The EdgeProp search filters allow you to personalize your search based on various criteria such as proximity to MRT stations, schools, and other amenities.
We appreciate you using EdgeProp Buddy. As I'm in Beta mode, I'd recommend seeking expert advice in real estate for such concerns.