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Investing in Singapore

Asked by Archery 21 Jan 2013

Hi, how do the new ruling impact me if I were to buy a private property for investment? I am currently a hdb owner (resale flat) but loan is fully paid already.

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Mike Lim · Answer 1 · 2013-01-22T10:27:08+08:00

Mike Lim

Replied 22 Jan 2013

Morning Archery,

As you will be buying your second property is holding, you will be liable for ABSD of 7%, if you are SC and 10% if you are PR. As for the loan aspect, since your current mortgage have being cleared, you are eligible for 80% loan.

Do feel free to contact me for further discussion.

Regards
Mike Lim
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