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Yes, min. sum is for when you are approaching 55 yrs.

Mark, your RIGHT choice
Shenton Realty Homes
 +65 97970200  Read More

Cpf website is correct about 50% of minimum sum lock in cpf , before buying 2nd property .

ABSD of 7% ( 3% BSD plus 7% ABSD ) payable to buy 2nd property .

Alternatively NO ABSD and no cpf minimum sum lock in , if sell hdb and buy private property .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to your hdb or 2% for open listing .

No commission chargeable when i serve private property buyers .

Joanne_chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

Min sum of 50% is required for purchasing a 2nd property. Also, ABSD of 7% for Singaporeans is applicable.

If you have further questions do not hesitate to call/WhatsApp me @ 90913553  .

Thank You,
Louis See
ERA
 90913553  Read More

Hi,

In this case, you will qualify for 80% loan for next property as you have no outstanding housing loan. ABSD of 7% applies. For minimum sum requirements, may I have more details so to make better recommendations? Thanks and look forward to discuss further.

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/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon buyer,

Whatever stated on CPF website is true. If you have utilised CPF OA funds in your current HDB, you have to set aside $80.5k in your CPF OA +SA first before you can utilise the excess in your second property property.

In addition, you will be subject to ABSD of 7% as Singaporean as well.

Alternatively, why not let me review your property and finances and see whether is it better to hold on to HDB and purchase a private or sell HDB and purchase two private (one for own stay and one for investment).

By selling off HDB, you can free up your CPF OA funds and wont have to set aside half of minimum sum.

Hope my sharing is beneficial to your property portfolio.

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

Powerful Negotiators
No.1 team in Propnex Read More

Evening,

Since your current HDB have being paid using CPF, both of you are required to set aside the CPF minimum sum before you are eligible to utilize the balance on your second property. The agent might have misunderstood the difference of using CPF for unit with less than 60 years of lease.
On the purchase of second property, you will be able to obtain 80% loan as your first property is no longer on mortgage. However, do note that ABSD of 7% is payable by cash.

Do feel free to contact me for further discussion.

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

Hi,
50% of min sum is reqired to maintain in CPF for 2nd property for your case.

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

Good afternoon!

The agent you've spoken to is mistaken about the CPF Minimum Sum.

You will have to fulfil 50% of your Minimum Sum when purchasing a 2nd property. The remaining CPF can be utilized for your purchase.

Alternatively if you do not want to have your CPF locked up, you can sell your current HDB so that 50% of the Minimum Sum will not have to be locked away. But in my opinion, if you can hold on to your HDB and are ok with keeping aside 50% of your Minimum Sum, that would be a better option.

Do give me a call and we can meet at your convenience to discuss the different housing options that you have and I will provide professional advice as to which will be the most ideal for you.

Look forward to assisting you to build your Real Estate Portfolio!

Bhavina Kaur
ERA Realty
M: +65 9170 8295 
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/Bhavina.Real.Estate Read More