Hi,
Yes its possible as long as the MOP of your HDB is met. Do note however you will need to pay 20% ABSD as its the 2nd property purchase, on top of the buyer stamp duties of approx 3% to 4% and purchase price.
I have assisted various homeowners to do the same for their asset progression. Do contact me at
97432395
so I can come up with a customized plan for you.
May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.
Buyer Mr Wang & Ms Ng: We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan!
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Yes of course ABSD will be payable as the resale EC is going to be your 2nd property. If you are a local citizen, then the total stamp duty payable will be at 24% which is a hefty sum to pay. I can be contacted at 9730 8455 and may you have a good week ahead.
Regards
Aaron Chong