Hi there,
Thanks for your query!
Firstly, if you are a Singapore Citizen and have fulfilled your 5 years MOP, you will be eligible to purchase your 2nd residential property. Any outstanding loan from your current flat would make you liable for only 50% loan for the 2nd property and you will be subjected to ABSD as well.
You could alternatively consider commercial properties- with generally higher rate of returns; high rental yield and higher capital appreciation scope. There will furthermore be no ABSD involved as well.
However, as a rule of thumb, it is always best to get your finances assured and secured to conduct the search appropriately. Perhaps I can link you to my banker who will assist you with an IPA at no cost. I would also illustrate a financial cash computations/projections with progressive payments to assess which residential OR commercial options will suit your interest best.
Perhaps we could engage in an interactive discussion for me to understand your preferences and investment objectives (expected returns etc) so that I can shed some insights to the market and offer a preliminary overview of high yield projects. This is be followed by a price chart analysis, rental returns and compressive sales report with live sales transactions to aid your understanding. Furthermore, there will be NO agent fees involved. Hence my consultation and service comes at no cost; and I will walk you through step by step and run you through the entire process with ease.
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com
#1 team of ERA in Singapore, Asia Pacific International for 2014.
ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
P Group
2015 Feb/ April/May ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers
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