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Hi,

If you are SC and have met the MOP of 5 years, yes you can purchase condo on your own name and keep both HDB and condo. Do note ABSD of 7% applies and there will be restrictions on CPF usage amount for 2nd property. Your max loan is still 80% as you have no outstanding mortgage.

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
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

--- Ms. Toh, Condo Investor in the East ---

Ivan is a young agent filled with dedication for his work. He seeks to stay long in this career.

I seeked out his service among a sea of agents as his belief on his website is credibility. I need an agent who is honest and provide me the knowledge needed to navigate the property market. Ivan's commitment and earnestness made up for his young age.

He has made a promise to find a good tenant for me in two years time when the condo completes, and I appreciate this commitment" Read More

Afternoon,

If you are SC, you will be eligible to purchase your second property without the need to sell away your HDB unit. You will be required to pay ABSD of 7% in cash. Maximum loan will be 80%, where 5% must be paid in cash. You are only eligible to utilize the balance of CPF OA fund after you have set aside the required minimum sum.

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

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

Hi Mdm,

Congrats on paying off your HDB! This is a good time to start looking for an investment property as prices have come down from the peak!

However, I would recommend you to do some financial planning before you invest so that you do not over leverage. Additional Buyer Stamp Duty of 7% is also applicable in your case as it will be your 2nd property.

Please feel free to contact me so that I can do an assessment for you and also share with you some of the potential areas to invest!

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 (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)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Dear madam,

As long as your household is a Singapore Citizen household, you are eligible to purchase a 2nd residential property, nevertheless, do take note of the additional stamp duties involved for this purchase.

There are quite a number of interesting projects coming along and I have been having detailed discussions with my investors on hand lately.

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

Claim your free home report today at http://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Room Rental @ https://www.facebook.com/SGRentARoom/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

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

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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