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Hi,

Yes can purchase 2nd property after 5 years MOP is met, as long as there is 1 SC in the household. However, policies do change over time, hence you never know. 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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Good evening,

As you are SC, you are eligible to purchase your second property upon fulfilling MOP. ABSD of 7% will be payable by cash and you will be required to fulfill CPF minimum sum before you are eligible to utilize the balance on the next purchase.

Do feel free to contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More

Hi, Raymond,

Congratulations to your decision on purchasing your 2nd property.

Since you are a Singapore Citizen (SC), you are eligible to purchase your 2nd property upon fulfilling the 5 years Minimum Occupation Period (MOP). You are only allowed to buy private residential property (you cannot own two HDB Flats concurrently)
Some important points to take note:
- Mortgage Loan (between 80%-50%) – Depend on whether you have fully paid your current property
- Additional Buyer Stamp Duties (ABSD) is payable for your 2nd property. If you intend to purchase the 2nd property under both you and your wife, the ABSD is 10%. If the purchase is under your name only, the ABSD payable is only 7%
- Buyer Stamp Duties (3% minus $5400) is payable.
- You can utilize CPF for your 2nd property upon meeting your minimum retirement sum ( for your case, only need to set aside half-minimum sum)
- Total Debt Servicing Ratio (TDSR) – You need to meet the TDSR 60% requirement.
There are many factors to consider in purchasing your 2nd property. Do give me a call to discuss further. Through my asset planning & implementation effective strategies, I’m sure you are able to buy your ideal property.

Hope the above address to your concern, but if there are more queries, please feel free to call/WhatsApp me at 9366 1846  , or email: shawnkhooch@gmail.com if more information is needed.
I’m obliged to assist your needs.

Warm Regards,
Shawn Khoo
PNG Propnex
BA Design (Hons), DIP Architecture

Email: shawnkhooch@gmail.com
Contact: (+65) 9366 1846 
Whatapps: (+65) 9366 1846 
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Website: http://www.shawnkhoo.com
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB Sengkang 4rm Landlord Ms Lim--

We approach Shawn to rent out our unit because he is always present in my area, through flyers and road show. He secured our tenant with my expected rental within 2 weeks of marketing and handle all the necessary arrangements. It was a hassle-free experiment for us. Currently, we are getting him to renew our tenancy with the existing tenant.

--- First Time Executive Condo Buyer Mr. & Mrs. Soo ---

We are referred to Shawn by our friend who bought a resale HDB through his services.

At that time, we are pondering whether to buy a resale or BTO. Shawn professionally explained the pros/cons on all possible options. We finally decided to buy a EC after he gone through the financial calculations with us.

We have since moved into our EC and very happy with our new home. Good Job, Shawn

-- HDB 3-rm Sellers Mr. & Mrs. Ang --

We have engaged the services of Shawn Khoo for sale of our flat at Whampoa. We previously faced issues selling our unit. Shawn clearly explained how he is going to market our unit.

Shawn is hardworking and committed to his work. He run Open-House for our unit every week and update us on the status regularly.

We managed to sell our unit within a short period of time. Thanks, Shawn Read More

Hi,

As long as there is a SC in the formulae, you will be eligible tp purchase 2nd property, but must be private in this case.
All family is only allowed to own 1 HDB flat.

To purchase 2nd property, there are some important points to look out:
(1) ABSD: 7% for SC & 10% for SPR
If you listed yourself as sole owner in 2nd property, you're subjected to 7% ABSD
If you list both you & your wife as owner, you are subjected to 10% ABSD

(2) 2nd loan:
If you still servicing current loan for your HDB, you can only get 50% loan.

Please also note that you have to fulfill your 5yrs MOP.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
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Hi Raymond,

Yes, you will be eligible to purchase a second residential property, as long as you have fulfilled your 5-year MOP period for your HDB flat.

However, do take note that if you proceed to purchase under joint-names with your wife, ABSD applicable is 10% for 2nd property. If you purchase under your sole name, ABSD is 7%.

However, there may be ways for you to enjoy some savings from ABSD though. I will need to understand your situation first before I can give a more appropriate recommendation.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More