4 Answers

Hi,

As long there's an SC in the household (SC-PR) for your hdb ownership, you can purchase a condo and keep both hdb and condo. Pls take note 5 years MOP must be met first. ABSD will also apply based on 10% if both SC and PR names are added to the 2nd property purchase.

Thanks and hope to assist with your housing plans further.

Warm regards
Ivan ERA
 97432395 
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Hi,

For the SC+PR combination, yes indeed, you will be able to purchase your private property and retain the HDB, given your 5 years of MOP have been met.

To aid in the decision making of which condo residence will value add your portfolio and profit margin, I would need to understand your exact requirements, finances on hand/ financial obligations (outstanding loan) and any other lifestyle preferences.

Perhaps I could chart out and illustrate the price analysis and rental returns of shortlisted condos in accordance of preference, to give you a better perspective of the profitability of each option. Furthermore, I could take this opportunity to share insights on the market, conduct a financial cash calculations w progressive payments and propose some options w high level of discounts and possible firesales to leverage on the weak market! To add, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework - from technical matters to financial, legal matters and beyond. A comprehensive sales report coupled with live up to date transaction caveats of chosen projects will be provided to validate the best possible deal. You can always look this discussion up as an interactive means of obtaining progressional advise with regards to your priced asset and having your concerns & questions cleared in the most efficient manner. Look forward to your reply!

D Kumar
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ERA Associate Division Director
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Evening Victoria,

UPon fulfilling 5 years MOP, you will be eligible to purchase your second property. ABSD payable for 7% is the unit is bought under SC owner. If it's purchased with SPR owner or joint ownership, ABSD is 10%. Do also note that CPF OA available will be after setting aside the CPF minimum sum.

Do contact me further should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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GAN ENG JOO ONASSIS
Hi,

Feel free to contact us for your next property purchase. Leave the works to us :)

Onassis Gan Eng Joo - CEA Reg No.: R021244C
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