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Hi,

For SC local third property purchase, ABSD of 10% applies and your loan amount will not be 80% or a lot if you have outstanding mortgage loans at the moment, and also bearing in mind you need to fulfil TDSR requirements. Ideally you might want to check out the attainable indicative loan amount first before exploring further. Whether its a good time depends on your objectives and requirements. Just my humble 2 cents inputs. Thanks and look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
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Dear sir/madam,

A simple assumption that you will be eligible for 80% loan if you do not have any outstanding mortgage loans:

Additional Buyer's Stamp Duty: 10%
Buyer's Stamp Duty: 3%
Downpayment: 20% (assume you are not utilising CPF at all)

These adds up to $330,000 in cash up front for a $1m property, not inclusive of miscellaneous fees (legal and administrative).

Based on typical rental yield of 3% for $1m property these days, it will take almost 3 years of rental just to recover on the ABSD paid out, therefore unless you are able to see significant capital appreciation in the properties held, I would think that it is a relatively tedious process monetary wise to obtain a favourable returns, although it is true that based on housing prices alone, it seems very attractive to enter the market now.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
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hi buyer , do contact me at 97970200  . I have some interesting units for investments.

Mark, your RIGHT choice
Shenton Realty Homes Read More

Good evening investor,

Welcome back to Singapore!

Let me elaborate further on current Singapore housing measures if you might not know during the period you were overseas.

1) Additional buyer's stamp duty

If you are a Singaporean, you will be subject to 10% ABSD for your third property ownership. This will be on top of estimated 3% buyer's stamp duty.

2) If you have outstanding mortgage, you will be eligible for max 50% bank loan.

3) If you have utilised CPF OA funds in existing properties, you will have to set aside half of minimum sum of $80.5k in your CPF OA + SA first before you can use the excess OA funds in this purchase.

If you are able to obtain max 80% loan, your initial outlay will be at least $330k.

Even though net rental yield is lowered due to ABSD but if you are able to secure a tenant constantly, you will reap from the capital appreciation in the long run.

Some of my clients rather pay ABSD on property investment now than placing their money in fixed deposit as the returns on property investment has been proved to be better.

Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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Hi Sir/Mdm,

This is a good time to look for value buy as we are currently at a buyer's market with the supply more than the demand. Sellers are more motivated to sell and many of my clients have managed to purchase properties below the valuation.

However, you will have to take note of the Additional Buyer Stamp Duty of 10% that is payable as this will be your 3rd property purchase.

I would suggest you to buy properties that are located near MRT or in areas where there are future development plan so that even in a down market, you will be able to command decent rental returns and enjoy good capital appreciation during a property uptrend.

Please feel free to contact me so that I can share with you more on the market outlook and assist you further in your purchase plan!!

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 (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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)

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Hi,
Below are the cost related to take note.
- ABSD of 10%
- loan eligibility
- CPF OA utilisation
- cash for down payment and instalment

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

Hi,

Re: The best deals available through SG Professional- BuyRealtor.com & NewLaunchDeal.com

You need to pay 10% ABSD with 2nd loan, you need initial cash/ cpf of $624,000 based on 50% bank loan.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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