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Evening,

Should the MOP of the current unit have being fulfilled, you will be eligible to purchase your second property. Do note that ABSD is payable for the purchase.

Do contact me further should you require my assistance.

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

Hi,

If your MOP of 5 years is met, can purchase 2nd property. Please note ABSD of 7% is payable and your 2nd loan will be max 50%, if you are doing joint purchase with your husband. Ideally it would be to purchase on his sole name so to minimize costs. Thanks and hope to assist further.

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 
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Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi buyer,

If you've met the Minimum Occupation Period for your HDB, you can purchase a private property, but you'd be subject to an ABSD of 7% if you're a Singaporean buying a second property. Furthermore, your maximum loan quantum would be 50% (25% cash required).

Feel free to contact me for further assistance.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9147 4602  Read More

Happy lunar new year to you, buyer!

As long as your household has at least one Singaporean and you have fulfilled the minimum occupation period, you are eligible to purchase a private property.

But do take note of these:

1) if you still have outstanding loan, you wont be able to obtain max 80% bank loan.
2) you will be subject to 7% additional buyer's stamp duty as a Singaporean.
3) if you have utilised CPF OA funds in current HDB, you have to set aside half of minimum sum ($80.5k) in your CPF OA + SA first before you can use the excess in this purchase.

With all these cooling measures in place, I will sincerely advise you that if possible, purchase the private property solely under your spouse's name if he is financially capable of doing so.

1) dont need to pay ABSD if Singaporean purchasing first property
2) can obtain max 80% bank loan

Hope my sharing is beneficial in your decision making.

May I know how can I value add further in your property purchase?

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
BEstate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Mdm,

You will be eligible to purchase a private condo. However, you will need to take note of the following:

1. Additional Buyer Stamp Duty (ABSD) of 7% will be payable since it will be considered as your 2nd property. This will be on top of your normal stamp duty of approximately 3%

2. If you have an existing loan for your HDB flat, your loan quantum will also be affected ie. you will only be eligible for 50% of loan of the next property. As a result, more cash will be required to purchase the condo.

I suggest that you can do a In Principal Approval first to find out how much loan you are eligible for before you embark on the search for a property. With the loan amount, a financial plan can be drafted for you to plan your finances better.

Please feel free to contact me at 9644 4854  so that I can link you up with my bankers for the in principal approval and draft up a financial plan for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015)

“Nick from Property Avenue 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)

“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 of HDB)

“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 of HDB)

“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 through Nick) Read More

Hi,

Re: Our Preferred Experienced SG Professional

Yes, as long as you are prudent and have the budget to cover ABSD occurred for the next property purchase.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@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.

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