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Dear Guru,

I am SC with a PR husband. Currently we have HDB and one private property under joint names. Can we buy 3rd private property and keep the HDB under joint name and get loan under joint name? HDB no loan. The 2nd private property loan under my husband.

Thanks in advance.

Lee
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8 Answers

YT Tan (陈永达)
Good morning Lee,

You are eligible to purchase a private property and hold on to your HDB as long as your household has at least one Singaporean.

Do take note of these cooling measures for your third property purchase:

1) additional buyer's stamp duty of 10%
2) not eligible for max 80% bank loan due to outstanding loan on 2nd property
3) must set aside basic retirement sum $80.5k in your CPF OA + SA first before you can use the excess CPF OA funds in this property purchase

Hope my explanation helps!

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Hi Ms Lee,

You will be able to purchase a 3rd property. Do take note that there is an Additional Buyer Stamp Duty of 10% on top of the 3% normal stamp duty payable.

For loan, as your private property has an outstanding loan, you will only be able to secure a maximum of 50% loan for this 3rd property. You may want to consider paying off this existing housing loan to secure 80% loan for your 3rd property if it makes financial sense.

Please feel free to contact me so that I can understand your needs better and assist you further!!

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)
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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.”
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Dear Mrs Lee,

The plan sounds legitimate, however, I am unsure why are you looking at purchasing a 3rd property right now with Additional Buyer's Stamp Duty applicable. Rental market has been soft, therefore maybe insufficient to cover for mortgage. On top of that you will also have to take care of Property Tax applicable for the 2 other properties not listed as your residential home.

Would you be keen to look into how you can restructure your current portfolio, ditch the low or non-performing assets and look into putting money into something which has more potential?

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

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My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
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Afternoon Lee,

As both your names have being used as owner for the current properties, ABSD payable will be 10%. For the mortgage loan, as your spouse have one existing loan under his name hence the max loan is 50%.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Dear Lee,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

HDB can be keep even you buy more than 2 property. As long you are prudent and have the fund to service the additional buyer stamp duties and 50% of the property value. You will be fine :)

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.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.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

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Robbie Chen Chee Howe
Hi Ms Lee,

1) you can continue to keep your HDB flat.

2) should you proceed to buy a 3rd property under joint-name, you will incur a 10% ABSD, and you can only loan up to a maximum of 50% for this property.

I have a method to propose which you might want to consider. Using this method,

1) you will be only liable to pay 7% ABSD (savings of 3%) for your next property.

2) you may be able to loan up to a maximum 80% for this property.

Please contact me at my mobile 9748 6305  and we will take this discussion further. I will be more than happy to add value to your future property plans.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi Ms. Lee,

Its possible to keep the HDB but total stamp duties for your 3rd property will be 13%. More importantly, its whether your finances are comfortable for the third property as the 2nd loan is only max 50%. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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

Email: Ivanng10@gmail.com
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Hi Ms Lee,
Fyi, the ABSD for the 3rd property will be 10%. The bank loan for the 2nd property is max 50%.

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
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