AskGuru Q&A Community

Hi Lawrence,

Assuming you have an existing mortgage loan for HDB, and that you are SC and have met the MOP of 5 years for the HDB, typical breakdown as follows:

Cash 25%
CPF 25%
Max Bank Loan 50%
Stamp duties (BSD+ABSD) and legal approx 10%

Is this something you are planning with? 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

Afternoon,

If you are looking at keeping your condo and HDB, you will need to be SC who have fulfilled the MOP requirement. Depending on the loan status of your HDB unit, you will be provided with up to 80% loan, subjected to your income status, credit record and age. You will also be required to set aside the CPF minimum sum before you are eligible to utilize the excess for your second property. ABSD of 7% is payable in cash, on top of the standard stamp duty and legal fee. Hence the overall figures will vary.

Do feel free to contact me for further discussion.

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

Dear Lawrence,

You need to be an SC to retain your HDB upon purchasing an private property. If not, you need to dispose the HDB.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare Read More

Hi Lawrence,
If you are still financing the HDB, the max loan for the next property will be 50%, CPF must maintain the min sum. The Cost break down for the 2nd property purchase will be

1nd Property loan
80% loan
5% cash - booking
15% cash + CPF - down payment
10% cash + CPF - SD + ABSD and legal fee

2nd Property loan
50% loan
5% cash - booking
45% cash + CPF - down payment
10% cash + CPF - SD + ABSD and legal fee

Please drop me an email for me to explain the details especially the financing.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More