AskGuru Q&A Community

Good morning!

First you have to first fulfill the minimum occupation period of your flat before eligible to purchase a private property, resale EC or apply for new EC.

If you purchase a private property or resale EC with your gf, you will be subject to 7% ABSD for your second residential property purchase in Singapore.

And if you decide to apply for new EC, you have to dispose off your HDB within 6 months from the TOP date.

Hope my explanation helps!

If you need further assistance or advice, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

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

Hi,

Have you met your MOP of 5 years? If so, you are eligible to purchase.

For new EC, before you sign the S&P you are required to declare what you will do with your share of HDB ownership (either transfer to your uncle subject to HDB approval or sell the flat entirely).

For private condo/resale EC, it is better if you transfer your hdb share of ownership/sell hdb first, otherwise you be liable for ABSD when you purchase. Thanks and may I have the opportunity to work with your requirements?

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Afternoon,

If you have fulfilled MOP and are looking at buying resale property, you will only need to note on the 7% ABSD and loan amount.

Do feel free to contact me for further discussion.

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

Hi,

Have you met your MOP of 5 years? If so, you are eligible.
Purchasing as a second property makes you liable for ABSD.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner.

Based on your requirements and preferences, I will succinctly shortlist and come up with a customized list of units to view.

I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free! Furthermore, since you are not liable to pay my any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More