AskGuru Q&A Community

Hi Dr. Chai,

Yes as long as 1 of the hdb owners is SC and the MOP of 5 years has been met. Do note that ABSD will apply for 2nd property and 2nd mortgage is max 50% only.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More

Good day Dr Chai

Yes as per your plan , can buy private property and keep the hdb .

However the disadvantages , stamp duty of 3%, PLUS at least ANOTHER 7% or 10 % ABSD payable on the price of the 2nd property. ABSD Rates differ if there is a non-singaporean ownership component on the 2nd property . Next point to note , non-owner cannot be borrower if a bank loan is required .

You may want to weigh your ABSD And etc costs if you choose to keep your hdb .

Kindly contact me for a no obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( sole agent ) to your HDB or 2% for open listing ( many agents ) .

No commission chargeable when i serve private property buyers .

Joanne Chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Dr Chai,

It is possible! In this case, you may wish to purchase the 2nd property under the SC in order to save on the amount of ABSD which is payable.

Please feel free to contact me so that I can understand your objectives better and provide you with further assistance and recommendation!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Dr Chai,
To keep the hdb, you may use the SG citizen party's name to purchase the private property. Please note that ABSD is payable for the 2nd property and the max loan quantum is cap at 50% if there is out standing property loan.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good morning Dr Chai,

yes both of you can definitely purchase a private property and keep hdb as SC/ SPR household as long as minimum occupation period has been fulfilled.

But do take note of these cooling measures restriction:

1) eligible to take up to max 50% loan if there's still outstanding housing loan for HDB
2) need to set aside basic retirement sum of $83k in your CPF OA + SA before you can use the excess OA funds in your second property purchase.
3) subject to additional buyer's stamp duty for second property ownership. 7% for SC and 10% for SPR or under both names (higher of 7% or 10%)

My team and I have assisted numerous clients in growing and enhancing their property portofolio without being subjected to these restrictions and amounted to huge tax savings.

Will you be keen to find out more?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack Read More

Hi Dr Chai,

Yes, it is possible for this couple to buy a private property without selling the HDB flat.

Do take note of the LTV (up to 50% loan for 2nd mortgage loan) and ABSD (7% for SC, 10% for PR, 10% for SC/PR joint-purchase) to be involved.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More