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Hi,

Firstly, you must be an SC and fulfil MOP before you can purchase a 2nd residential property.

For your case, if you as a SC, purchase a 2nd residential property with no outstanding loan, breakdown as follows:
Cash 5%
CPF 15%
Max Bank Loan 80%
BSD + ABSD + Legal Fees approx 10%

Please take note there are minimum sum requirements (77.5K) for 2nd residential property should you decide to use CPF for 2nd property.

However, for your suggestion, it may be possible, but you have to appeal with HDB on removal of your name. For further elaboration, please drop me an email. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi there,

You will need to fulfill your 5 years MOP.
Following that, we need to establish your citizenship status to go about on the BSD/ABSD calculations.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner, for me to very comprehensively chart out your financial calculations flow and for us to explore the available options and alternative.

Rest assured, I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. Furthermore, since you are not liable to pay any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

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Evening,

You will need to fulfill the MOP requirement before you are eligible to buy the next property. If you are looking at keeping the unit, you must be SC and will hence liable for 7% ABSD. Since you and your spouse have registered the HDB unit under public scheme, you are not eligible to transfer the unit from joint tenancy to single ownership.

Do contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi there, Yes there is a legal way of changing your ownership for the HDB to avoid ABSD, however there is sme terms and condition you would have to fulfill.
Do drop me a call or email for a more detailed discussion on your real estate plans.
Cheers
Rix Jim
Propnex
 9687 1379 
rix.jim@hotmail.com Read More