7 Answers


For SC 2nd property purchase, with currently no ongoing outstanding mortgage loan, typical breakdown as follows:
Cash 5%
Cpf OA 15%
Max bank loan 80%
Stamp duties and legal approx 10%.

Hence, we be looking at at least 5% of purchase price (for cash outlay). If CPF OA is not sufficient to cover the 15% down payment and 10% stamp duties, the shortfall has to be covered by cash as well.

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,
(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)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More
Robbie Chen Chee Howe

The minimum Cash you should set aside for your condo purchase, would be 5% of the purchase price.

The rest of the downpayment (15%) and the stamp duties (BSD + ABSD), can be covered using monies in your CPF-OA.

Do take note that if you had used CPF funds for your HDB flat, you will have to set aside "Half Minimum Sum" in your OA and SA, before you can utilise the balance in your OA to pay for your second property.

If you have insufficient CPF funds for the downpayment and stamp duties, you will need to top up the shortfall in CASH.

If you are planning to own 2 properties, I do have a suggestion for you. You will be able to enjoy some savings for this proposal, and at the same time become a Landlord.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

You may want to write to gavin.ng@orangetee.com. We can go through with you the financial cash follow for your understanding.

Gavin Read More
YT Tan (陈永达)
Good afternoon investor,

Happy 2018 to you!

Do take note there must be a Singaporean in the household in order to keep a HDB and own a private.

Be mindful of these cooling measures if you will like to proceed with your intention.

1) additional buyer's stamp duty of 7% as Singaporean

2) need to set aside basic retirement sum of $85,500 in CPF OA + SA first before you can use the excess CPF OA funds in the purchase

Thus your initial downpayment will be around 30% of the purchase price if you are able to obtain max 80% bank loan.

1) 20% downpayment:
- 5% cash
- 15% cash or cpf

2) buyer's stamp duty (estimated 3% of purchase price)

3) ABSD of 7%

So the outlay of cash will depend how much cpf oa funds you can utilise.

Hope my explanation is informative and value added towards your property investment.

May I know how can I value add further in your property needs?

Perhaps we can meet up over a cup of coffee to discuss and explore your options?

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(FB): www.facebook.com/yttanassetprogessor


Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack Read More
The plan to stay in 1 property and rent another out, I believe, is the dream of many Singaporeans alike, however, what is the best way of doing it, barring aside emotional attachment to your existing property?

Will it be financially taxing to do so? I normally recommend my client to spend approximately 30minutes of their time with me to go through the various options available, go through the needs before proposing a probable solution that can best cater to their plans before we even embark on any further actions.

I look forward to discuss more in details with you in private. Do get in touch with me in private as we are not alerted to any responses posted on this thread.

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

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

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

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

My self introductory video on https://youtu.be/6UfrCOCB6Mg


Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A 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
Dear Sir/Mdm,

Congrats on fulfilling your MOP and paying off your HDB. It is a good move to own 2 properties and I would say you are in a good position to do it especially that you have paid up your HDB.

For purchasing a 2nd property, financially, you will need to include the 7% Additional Buyer Stamp Duty and the restrictions in CPF usage into your financial plan.

To purchase a new launch, the booking fee is 5% in cash, 15% in CPF (in this case, your CPF may not be sufficient due to the restrictions and therefore you will need to top it up with cash). You have fully paid off your HDB and therefore you will be able to leverage fully by taking a 80% loan.

For a 2nd property, it is very important to purchase a project which can generate stale rental yield for you while you wait for the capital appreciation. Please feel free to share with me your budget and preferred locations so that I can recommend some options to you!

Nick Tan
(M) +65 9644 4854 
(E) nick96444854@gmail.com
(W) www.nicktan.com.sg

Featured on Council for Estate Agencies (CEA) Newsletter:

Testimonial from Satisfied Clients (2016/2017)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited 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