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Hi,

For 2nd property purchase with 2nd mortgage, typical breakdown as follows:

Cash 25%
Cpf 25%
Max bank loan 50%
Stamp duties (BSD+ABSD) and legal fees approx 3+7%

Alternatively if your hdb has appreciated and getting older, you might want to consider to re-organize your portfolio by selling the hdb and getting 2 private properties. Will be glad to share more and explore your plans and requirements together.

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
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This helps to avoid the ABSD* in a way and allows you to capitalize more on potential appreciation of 2 properties. Read More

Hi,

I would need further information from you before I can comment on the amount of Cash needed.

Basically, is your current HDB fully paid up? Because if it's not, you will have to set aside more CASH for the downpayment. If it's fully paid, you can loan up to max of 80%.

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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

The break down :
Cash 25%
Cpf 25%
Max bank loan 50%
ABSD

Home purchase is a step by step purchase and given your first time background, it is apt to have yourself guided and walked step by step to ensure you do not overpay in the process of unfamiliarity and shortchange yourself on a good deal. Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

It's a weak market now and its best to leverage on it to get the best deal. The question is- how to leverage and whom to work with to ensure your interests are met! You can asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare to ensure I walk my talk.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May ERA Top Achievers
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Good evening buyer,

Do take note of these restrictions if you intend to purchase a second residential property:

1) set aside basic retirement sum of $83k in your CPF OA + SA before you can utilise the excess CPF OA funds in this purchase

2) you will be subject to 7% additional buyer's stamp duty for owning second residential property if both of you are Singaporeans.

3) max 50% bank loan if you still have an outstanding housing loan.

Let assume your HDB is fully paid and you can loan up to max 80% bank loan for this purchase.

Initial outlay:
1) 5% cash downpayment ($25k)
2) 15% CPF or cash downpayment ($75k)
3) buyer's stamp duty $9.6k
4) 7% ABSD as Singaporean ($35k)
5) legal fee $3k

By the way, care to share whether will this property purchase be for own stay or investment?

Just to share, I just helped a single income punggol owner with 3 kids to purchase a private condo with huge tax savings. He is not even hit by the restrictions and still have at least 3 years worth of reserved funds to pay the mortgage even in the event, he doesnt need to work.

May I know when will be a good time for me to share more with you and spouse?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
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
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More