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Hi

If you are not buying any public housing ie HDB, you may hold your Malaysia property.

You may text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Good evening,

you are able to purchase resale or new condo and resale EC when you convert to SC. You need to dispose off your Malaysian property and observe 30 months waiting period before you are eligible to apply for new EC provided eligibility conditions have been met.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171 
Email: yt.tan91115171@gmail.com

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To find out what’s the estimated valuation of your existing house, try our SRX property tracker.

You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More

Hi Benny,

1) The benefit of an SC against an SPR on property purchase are:
(a) Able to apply for HLE (HDB loan)
(b) Able to apply for HDB grants
(c) Able to apply for BTO/new EC
(d) No ABSD for 1st property

2) Only 1(c) & 1(d) will affect your objective of purchase.
3) In order to be eligible for 1(c), you are not allowed to own any private residential property (local/overseas) within 30 months.
Thus you will have to wait for another 1.5 yrs assume you took 1 yr to get your citizenship before being eligible to apply for it.

4) If you only intend to purchase a resale condo, new condo, or newly 5 yrs MOP EC. You may keep your overseas private residential property as that will not affect your property count.
The ABSD is counted according to the number of properties owned in Singapore only.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hello Benny,

Good luck with getting Sg citizenship :)

As for your question
1) buying a resale condo now: theres no requirement to sell your m'sia property when you buy a resale condo, however, At this current moment, as an SPR, you will have 5% ABSD. However after you become a singaporean, you will not be charged the ABSD.

2) If you want to buy a new EC after selling off your resale condo, at the point of buying a new EC, you need to have disposed of BOTH your m'sia property AND SG condo. However this means you will definitely face a timeline mismatch where you will have 1.5 years with no house to stay., as you can only book a new EC after 30 months from selling your resale condo, plus new EC takes time to build. Therefore buying a 5 year MOP EC might be a better choice for you.

however I do know a way to ensure you always own a place, and does not need to waste money on rental, if you prefer to buy a brand new EC after selling your resale condo. Feel free to chat me up and i can share more on how you can go about with this long planning. (quick note, for all these private purchase transactions you do not need to pay me agent fee. Sellers side will pay. so feel free to contact me!)

Warmest
Hazel
 91506723 
Huttons asia pl Read More