4 Answers

Ivan Ng
Hi Mark,

Yes if you purchase hdb you need to wait out 5 year MOP before you can purchase 2nd residential property. Yes if you do not have existing mortgage, the loan for your 2nd property is considered 1st loan. ABSD of 7% still applies since its based on property count and its your 2nd property.

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)
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SMU BBM (Finance), Magna Cum Laude

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D. Kumar
Hi Mark,

I have noticed you have been posting questions of similar nature. I do understand your perspective however, it is in your best interest to perhaps engage an agent of your choice who will not only advise you in depth but also will also make it easier for you to clear your doubts. Your property portfolio is an important asset and you should consider working alongside a specialist who will not only enhance but value add your understanding.


Thanks your for query!

Do contact me at 96659926 for further assistance and advise in your property matters. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
+65 96659926
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

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Ng Teck Chuan
Hi Mark,

Whichever method you use to pay or pay off your HDB flat, you still have to fulfil the minimum occupation period.

Yes to your other 2 questions.

Perhaps you should consider whether to buy a HDB flat to start with, what size to buy etc.

Teck Chuan, Ng
Marketing Director
ERA Realty Network Pte Ltd
BBA (Finance), NUS
Mobile: 91374602 Read More


Robbie Chen Chee Howe
Hi Mark,

Regardless whether you fully pay your HDB or not, you will still be liable to serve a 5-year MOP period, before you can rent out the unit or purchase another private residential unit.

If your HDB is fully paid, your next property can be consider as your first mortgage loan, hence you can loan up to max of 80%. You will also be subjected to ABSD as it's your second property.

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