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Hi,

Firstly, you must meet your HDB MOP before you can purchase a 2nd property.

If you go for option 1, buy 2 condos, it could be challenging and restrictive due to the loan restrictions and additional stamp duties involved. It could also be potentially taxing to service 2 concurrent loans.

Option 2 seems more comfortable and if you seek this option, given that your 1st housing loan is fully paid down, you are able to stretch till max 80% of bank loan for 2nd property.

However, as you mentioned, you are liable for 7% ABSD and if you are using CPF for your 2nd property, you need to set aside 77.5K for minimum sum before you can use any excess CPF monies for housing.

For decoupling option, it depends on case by case basis. May I have more details before I can share more with you? Thanks and hope to have the opportunity to understand your housing requirements further so to value-add further. Will be glad some value-buys I have on hand. Thanks.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi,
For investment point of view, option 1 is a better choice. In fact this is the plan I always recommend to my client. I could share with your the projected investment appreciation on financial calculation. Please drop me an email for me to share.

I can be reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Option 2 may seem more viable. Pls contact me at 96659926  for a non obligatory discussion for me to better understand your expectations and specifications. Based on your needs and requirements, I will come up with a customized list of units to view. I will also share more on financial planning, price analysis of properties, projected rental yield/potential capital appreciation info.

Visit my website for my recent awards and testimonials:
www.kumarrai.com

Dhirend Kumar Rai
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
dkumar@era.com.sg Read More