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Hi T,

(1) Since there is a SC in your family nucleus. You are allowed to invest in property (private). However, you have to fulfilled the MOP of EC.

(2) ABSD incurred shall dependent on the ownership of the next property. If only your wife listed as owner then, only 7% ABSD incurred.
If both your names are under the title deed, then, it will be 10% ABSD.

(3) If you are referring to rent out room in your current EC, then answer is "Yes", even though you have not fulfilled your 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
 90110636 
ling.ck7@gmail.com

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Hi T,

As you have bought an EC, you will be require to serve a 5-year MOP period before you can purchase another residential property.

Hence, you will only be able to purchase another condo on or after May 2022.

You can however explore the options of investing into a commercial property, as there are no restrictions on these.

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

Good afternoon T,

Do take note that you will have to fulfill 5 years MOP before you can invest in residential property in Singapore/ overseas.

Okay to invest in commercial or industrial property in Singapore/ overseas.

You are eligible to rent out a room provided both of you are occupying the unit.

Hope my sharing has cleared your doubts. Cheers!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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