AskGuru Q&A Community

Hi ,

Do note that you need to pay the 7% ABSD for the 2nd property and bank only to able lend up to 50% loan on your 2nd property. Do feel free to contact me at 9273 6096  for other enquiries.

Regards
Alex Zheng
ERA
HP:9273 6096 Read More

Hi,

If the current loan is not a substantial amount, it will be ideal to pay it down fully so that you can take max 80% LTV for the 2nd property. Do note that 7% ABSD applies as well for SC 2nd property purchase.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews/
(Client's Testimonials) Read More

Good afternoon!

As you are still servicing an existing loan, you will only be eligible to loan up to 50% of Property Price for your 2nd property. However if your current loan amount is not very significant, I would highly advise you to clear it so that you'll be able to get up to 80% financing for the 2nd property.

I have assisted many clients to buy their 2nd property and will be most glad to assist you too. There are many factors to take into consideration before you purchase your next property. With current market sentiments, there are countless of good buys out there. However, how do you know which would be best suited for yourself?

It'll be great if we could meet up one of these days to have a discussion and I will advise you on your available options. Look forward to assisting you!

Bhavina Kaur
ERA Realty

M: +65 9170 8295 
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/hellobhavina Read More

Dear Sir/Mdm,

In my opinion, it may not be advisable for you to purchase a 2nd property at this point of time as you will only be able to obtain 50% loan due to your current outstanding housing loan. On top of this, you will also be liable for the 7% Additional Buyer Stamp Duty.

You can explore investing in an overseas property which can potentially return better rental yields and has got better capital appreciation.

Please feel free to contact me if you are open to finding out more!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Dear Sir/Mdm,

In my opinion, it may not be advisable for you to purchase a 2nd property at this point of time as you will only be able to obtain 50% loan due to your current outstanding housing loan. On top of this, you will also be liable for the 7% Additional Buyer Stamp Duty.

You can explore investing in an overseas property which can potentially return better rental yields and has got better capital appreciation.

Please feel free to contact me if you are open to finding out more!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More