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Good afternoon,

Do take note that you have to fulfill MOP first before you can purchase a private property. And one of the household must be SC to hold on to both properties but if your household is both SPR, you have to sell off your hdb within 6 months from purchase completion.

And if you are SC and want to hold on to two properties, you only can loan up to 50% bank loan as you have outstanding loan. Downpayment will be 25% cash and 25% cpf oa funds (cash if shortfall). Bear in mind that if you have utilised cpf oa funds in current property, you have to keep a minimum sum of $77.5k in cpf oa + sa before you can use excess for the property purchase.

If you need any assistance in your property purchase, feel free to contact me.

YT Tan
ECG Property
 9111 5171 
Yt.lovelyhomes@gmail.com Read More

Dear Mr Gopalakrishnan,

In any form of investments, we are always talking about how much capital input do you intend to put in as there are so many forms of investments, therefore I believe that as long as it makes money, it will be considered good investment.

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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
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Hi Mr Gopal,

Are you aware that you will need to pay ABSD for your second residential property purchase?

You will also be subjected to 60% TDSR framework, and also 50% LTV for your 2nd property mortgage loan.

However, there might be a chance for you to avoid paying ABSD, and at the same time take 80% LTV for your loan.

If you're keen to know how to go about doing this, do contact me at my mobile 97486305  . I will share with you the many strategies for you to own your 2nd property in the best possible way.

Best regards,
Robbie Chen
Propnex Realty Read More