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Hi,

Are you planning to sell off your HDB?

Do take note that if you keep the HDB (and do not settle the outstanding loan of $39k), you can only loan up to a max 50% for your next purchase. You will also be liable to pay ABSD (7% for Singaporeans) for second property purchase.

If you're a PR, you cannot keep your HDB upon the condo purchase.

Based on your age and income, you should not have problems upgrading to a 3BR condo in the East. Do contact me for a proper financial planning discussion.

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

Hi,

It is difficult to tabulate a detail calculation based on your provided data.
The essential items are to know monthly and total financial commitment, CPF OA, single or joint purchase, SC, SPR or FR etc in order to provide something useful for you.

Below are the breakdown if the intend investment is $1.2M, just for reference only.

(a) OTP (deposit + exercise) (5%) = $ 60,000
(b) Downpayment (15%) = $180,000 (can be pay by CPF if there are sufficient fund)
(c) Buyer Stamp duty; BSD (~3%) = $ 30,600 (can be pay by CPF if there are sufficient fund)
(d) Legal fee = $ 2k~4k
(e) Mortgage stamp duty = $ 500

Total cash needed = $92k~94k + $30K (to top up the downpayment)
Total CPF needed = $150k

However, it is important that you have to be aware since this is a 2nd property loan, the max loan you can get is only 50% of the property value.

Hope the above answer to your main concerns, but if there are more queries, 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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
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Hi

If its Ok with you, you may call 9620 0827  or email at gavin.ng@orangetee.com. We can have a casual chat to understand better your requirements.

During the meeting, you can have all your questions answered.

Regards

Gavin Read More

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Good evening investor,

Happy 2018 to you!

Do take note that there must be at least one Singaporean in the household in order for you to keep the HDB and purchase a private property.

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

3) max loan is 50% due to outstanding housing loan and max loan tenure of 24 years (max loan tenure is 30 years or up to retirement age of 65 years old).

Your loan amount will be affected due to recurring car mortgage too.

Thus your initial downpayment will be around 60% of the purchase price if you are able to obtain max 50% bank loan.

1) 50% downpayment:
- 25% cash
- 25% cash or cpf

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

3) ABSD of 7%

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

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?

You plan to own two properties? One for own stay and the other for investment?

I have assisted numerous clients of such situations before. Let's catch up.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

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/yttanassetprogessor

Accolades:

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

Hi Buyer,
Congrats on your decision to invest in your 2nd property in Singapore.

Based on the information provided, I’m afraid your options are very limited.

The reasons are:
1. Typical 3 Bdrm Condo in the East is around 1 - 1.1m. Assuming it is 1m for easily calculation, you need about 200k (50k Cash + 150k Cash/CPF).

2. Beside this, You can only loan up to 50% for your 2nd bank loan. You need at least 500k Cash/CPF. Assuming you pay up the existing 39k HDB Loan & about to take 80% mortgage loan, you will only left with limited cash on hand.

3. There will be a 7% ABSD (Additional Buyers Stamp Duties) on top of your 3% Buyer Stamp Duties. This will cost you another 100k.

4. You can only use CPF for your downpayment/monthly instalments after setting aside Half Retirement Sum ($85 500/- as of today)

Hope this will clarify the situation for you. There are many plus points such as high income, relative young age as well as low commitment ($800 monthly car loan is manageable). Just need some re-structuring.

Based on my experiences, there are better options in structuring your portfolio. Would you be interested to know more? You can contact me @ 9366 1846  . I will explore the options with you.

Hope the above address to your concern, but if there are more queries, please feel free to call/WhatsApp me at 9366 1846  , or email: shawnkhooch@gmail.com if more information is needed.

Warm Regards,
Shawn Khoo
PNG Propnex
BA Design (Hons), DIP Architecture

Email: shawnkhooch@gmail.com
Contact: (+65) 9366 1846 
Whatapps: (+65) 9366 1846 
Facebook Page: www.facebook.com/shawnkhoo
Website: http://www.shawnkhoo.com
(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 Sengkang 4rm Landlord Ms Lim--

We approach Shawn to rent out our unit because he is always present in my area, through flyers and road show. He secured our tenant with my expected rental within 2 weeks of marketing and handle all the necessary arrangements. It was a hassle-free experiment for us. Currently, we are getting him to renew our tenancy with the existing tenant.

--- First Time Executive Condo Buyer Mr. & Mrs. Soo ---

We are referred to Shawn by our friend who bought a resale HDB through his services.

At that time, we are pondering whether to buy a resale or BTO. Shawn professionally explained the pros/cons on all possible options. We finally decided to buy a EC after he gone through the financial calculations with us.

We have since moved into our EC and very happy with our new home. Good Job, Shawn

-- HDB 3-rm Sellers Mr. & Mrs. Ang --

We have engaged the services of Shawn Khoo for sale of our flat at Whampoa. We previously faced issues selling our unit. Shawn clearly explained how he is going to market our unit.

Shawn is hardworking and committed to his work. He run Open-House for our unit every week and update us on the status regularly.

We managed to sell our unit within a short period of time. Thanks, Shawn Read More

Hi Buyer,
Congrats on your decision to invest in your 2nd property in Singapore.

Based on the information provided, I’m afraid your options are very limited.

The reasons are:
1. Typical 3 Bdrm Condo in the East is around 1 - 1.1m. Assuming it is 1m for easily calculation, you need about 200k (50k Cash + 150k Cash/CPF).

2. Beside this, You can only loan up to 50% for your 2nd bank loan. You need at least 500k Cash/CPF. Assuming you pay up the existing 39k HDB Loan & about to take 80% mortgage loan, you will only left with limited cash on hand.

3. There will be a 7% ABSD (Additional Buyers Stamp Duties) on top of your 3% Buyer Stamp Duties. This will cost you another 100k.

4. You can only use CPF for your downpayment/monthly instalments after setting aside Half Retirement Sum ($85 500/- as of today)

Hope this will clarify the situation for you. There are many plus points such as high income, relative young age as well as low commitment ($800 monthly car loan is manageable). Just need some re-structuring.

Based on my experiences, there are better options in structuring your portfolio. Would you be interested to know more? You can contact me @ 9366 1846  . I will explore the options with you.
Hope the above address to your concern, but if there are more queries, please feel free to call/WhatsApp me at 9366 1846  , or email: shawnkhooch@gmail.com if more information is needed.

Warm Regards,
Shawn Khoo
PNG Propnex
BA Design (Hons), DIP Architecture

Email: shawnkhooch@gmail.com
Contact: (+65) 9366 1846 
Whatapps: (+65) 9366 1846 
Facebook Page: www.facebook.com/shawnkhoo
Website: http://www.shawnkhoo.com
(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 Sengkang 4rm Landlord Ms Lim--

We approach Shawn to rent out our unit because he is always present in my area, through flyers and road show. He secured our tenant with my expected rental within 2 weeks of marketing and handle all the necessary arrangements. It was a hassle-free experiment for us. Currently, we are getting him to renew our tenancy with the existing tenant.

--- First Time Executive Condo Buyer Mr. & Mrs. Soo ---

We are referred to Shawn by our friend who bought a resale HDB through his services.

At that time, we are pondering whether to buy a resale or BTO. Shawn professionally explained the pros/cons on all possible options. We finally decided to buy a EC after he gone through the financial calculations with us.

We have since moved into our EC and very happy with our new home. Good Job, Shawn

-- HDB 3-rm Sellers Mr. & Mrs. Ang --

We have engaged the services of Shawn Khoo for sale of our flat at Whampoa. We previously faced issues selling our unit. Shawn clearly explained how he is going to market our unit.

Shawn is hardworking and committed to his work. He run Open-House for our unit every week and update us on the status regularly.

We managed to sell our unit within a short period of time. Thanks, Shawn Read More

Hi,

Evidently, purchasing a property requires through and critical thinking. Let's catch up at 96659926  for me to work out a financial calculation breakdown for your purchase and share more insights on the transaction caveats as well as the price analysis of proposed private property types to help you make an informed decision. Do note that it is purely non obligatory and the only objective of the discussion should be to enlighten you on the differences, work out your finances to propose which projects you may wish to consider and aide in the price charting of units in the market.

Should you be keen on availing my consultation and services, do note that there is no agent fees involved and I will walk you through this whole tedious process of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!

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

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

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2015 April ERA Top Achievers
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Do you plan to move into the condo as an upgrade to your lifestyle? Is your ultimate objective to stay in 1 property and rent out the other?

There are definitely plenty of options on how to achieve an objective subjective to income and restrictions, therefore I always highly advise my clients to spend about 30minutes of their precious time with me to go through the various options after understanding more about what they have in plans, before I can propose the probable best fit solution.

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

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Regards,

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

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Hi

As mentioned by my colleagues.

There will be challenges on the loan amount for the 2nd property if you want to keep your hdb.

You can possibly explore to sell your hdb, and buy 2 private instead and relook into restructuring your property financing.

Do contact me should you need further clarifications.

Br
Shawn
 90294371 
Shawmchewproperties@gmail.com Read More