AskGuru Q&A Community

Good afternoon buyer,

Do let my banker advise you on your in principle approval so you can gauge how much loan can you obtain based on MSR (resale HDB purchase) or TDSR (private property purchase) and whether should you purchase a HDB followed by a private or can you purchase two private properties within short period of time.

You are eligible to purchase a resale HDB under single singapore citizen scheme but only able to take up bank loan due to your income exceeds the income ceiling.

Hope my brief explanation helps!

Probably you can share more with me so I can assist and advise you further.

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate 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
(W):www.propertyavenue.com.sg Read More

Hi,

Let's get in touch with 96659926  for me to understand your requirements and objectives so that I can work out the financial cash flow calculations and progressive payment for me to advise which options you can consider first and how to go about expediting. I will walk you through the entire step, at no obligation.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top 1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 April ERA Top Achievers
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More

Hi,

Given your budget and income, you have a lot of options, including buying 2 private properties comfortably.

Can I propose a meet up to work out a customised financial plan suitable for your objectives (self stay and passive income) and recommend properties which could best fit your objectives?

Thanks and hope to hear from you soon. My pleasure to assist!

Have a great Day!

Warmest regards,
Alfred
Propnex
 96428496 
cheealfred@gmail.com Read More

Hi,

I'm sure most of the replies have addressed your concerns adequately, and I would say if you wait till MOP is up (5 years later), your loan tenure will be much shorter and it may no longer be feasible to get 2 properties.

If you need discounts and value-buys , feel free to give me a call as I will be glad to share more. Thanks and hope to have the opportunity to work with you.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Evening,

You can either opt for one bedroom unit, fully paid, and purchase your second property with mortgage loan. With this, you will need higher amount of loan as your capital are depicted on your first property. Alternatively, you can opt to purchase 3 room flat and wait for MOP. You can then work on your saving and prepare for purchase on your second property 5 years later. The capital outlay for HDB is lower hence you can work on lower mortgage when you purchase your second property.

Do contact me further if you require additional assistance.

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

Hi
How about owning 2 pte properties at the same time. I would love to give you a breakdown of how you can do at your comfort zone as I have helped many clients to achieve that.
Look forward to hearing from you.
Tricia Tan 91442664  Read More

Dear sir,

Your circumstance should be healthy to purchase 2 different properties, but very much dependant on the lifestyle you are looking for. If space of living is what you require for own stay, then perhaps your choice is to go for a resale HDB while waiting out 5 years for your MOP to be fulfilled before purchasing a 2nd property. Nevertheless, I would not encourage you to fully pay up your resale HDB in this instance since the interest rates are still relatively low at the moment, using the excess cash on hand for other forms of investments which allow higher yield returns as compared to the interest rates, in order to offset the amount of loan you require for the 2nd property 5 years later.

Otherwise, you may opt to fully pay up a studio apartment unit for your own stay such that you can immediately look into purchasing a 2nd studio apartment unit for rental based on your income with housing loan.

Which would be a more viable option? Perhaps we can discuss further.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

you should work on your lifestyle.

if can get a 2bedroom for own stay. then buy another 2 bedroom or 1 bedroom for investment. then if you don't mind can get a overseas 1 bedroom in bangkok for $100k as another source of passive income or own stay.

regards
wilson
 96305577 
Senior Group Division Director Read More