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Good evening! Let me clarify you with your doubts. As currently both of you dont have any outstanding loan, thus you will able to loan up to 80% from bank but this amount will still be subject to total debt servicing ratio. With the ability to obtain 80% loan, your 20% downpayment will be 5% cash and 15% cpf oa funds or cash if shortfall. in order to use cpf oa funds, both of you must keep a minimum sum of $74k in your cpf oa + SA accounts before be able to use the excess to fund your second property if you choose to hold on to your hdb. (Both of you are allowed to hold on to your hdb as SC.) So you can rent out your HDB and stay in condo. other costs will be estimated 3% buyer stamp duty (cpf or cash), 7% additional buyer stamp, $3k legal fees, valuation fee, stamp duty for mortgage (all in cash). Normally I will recommend my buyers to apply for in principle approval to gauge how much loan they can obtain before house hunting. This will reduce risk of losing 1% option money if only they realise they cant obtain substantial loan when want to exercise. why not let my banker advise you first then we work things out from there? YT Tan ECG Property 9111 5171  Yt.lovelyhomes@gmail.com Read More

Good day sir / madam ...............as per your status both singaporean and hdb fully paid ............if at least one of you is cash rich or eligible to get high loan from bank based on lone income only to buy private property ...........it is possible to save 7% ABSD ..........contact me direct for more info ...........joanne chia ..........hp 8333 3327  Read More

Dear Madam, please call me at 93365201  ... no obligations... just answer all your questions with practical tips.. placing answers here may be contradictory to ethical practise..anyway, there are various options and answers for your questions... from an industry veteran... and an investor myself.. Read More

Hi there________ 1. Because you have fully paid up your HDB, you would be able to be granted 80% loan from the bank for your pte property purchase______2. ABSD, will be liable for 7% as this will be your 2nd property. But this also depends if we are able to successfully do de-coupling, please contact me for more details on this. Those that have de-coupled can purchase, get 80% loan and avoid ABSD______3. Deposit of 20%, 5% Must be in cash, the balance 15% may be in CPF Ordinary Account. ANY SHORTFALL from the CPF side, will require top up using Cash.______4. YES YOU MAY, many people do this. However there are downsides to renting out the HDB, like restrictions on renting (by HDB), based on nationality. Your HDB location also affects the rent income. CONTACT ME FOR DETAILED ANALYSIS ON THE RENTAL CASHFLOW_____5. There are many options in the area, and vicinity, a 3bedroom should be able to get for $1.5M & above_______I have advised many clients in your situation that is upgrading from HDB. Hence detailed calculation & list down all paths to take (ie, decouple or not, sell HDB or not, Sell HDB & what to buy), so CONTACT ME FOR DETAILS Read More

Hi, My fellow colleagues have answered most of your questions. So if you are able to set aside 20% downpayment ( 5%+15%CPF), 3% stamp duty and legal fee, I would be glad to share with you further in details on how to avoid ABSD. Feel free to contact me for discussion. Thank you. Angela Chua Propnex Realty Pte Ltd H/P: 9323 3330  Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
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