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Hi,

Yes you can purchase this way, but please note both of you will still need to fulfil MOP of 5 years for the EC stay before either of you can get a 2nd residential property. By then who knows ABSD may no longer be a significant issue. The same goes for buying resale hdb, need to fulfil MOP of 5 years regardless owner or essential occupier.

If you wish to purchase 2 properties straight away on individual names, you can only do so via private condo options.

Thanks and may I understand your requirements further so to make better recommendations? 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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(Client's Testimonials) Read More

Hi Mr. Jared,

You are able to do so if it is possible to loan on just a single name, but you will still have to fulfil the Minimum Occupation Period (MOP) of 5 years before you can proceed to buy another condo/apartment using the 2nd name.

Do drop me a call to discuss further on this as we would definitely share some insights and advice on various matters.

Looking forward to hear from you soon.

Best Regards,

Elaine Chia
Senior Marketing Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012)
Mobile: +65 9008 1737 
Email: ms.elainechia@gmail.com
Web: www.elainechia.com Read More

Hi Jared,

Yes it's possible, but both the owner and occupier would need to serve the same 5-year MOP; if you want to buy 2 units at once, do consider mass market resale private condo units.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi,

You will be able to do so, however the 5 years MOP is still applicable. Perhaps you could get in touch with me so that I can understand your requirements and finances to establish the financial calculations ; present the financial progressive payment with cash breakdown. Based on this, we will be able to narrow down your options and propose developments and units for your consideration.

Also, purchase of private property does not make you liable for any agent fees. Hence, you will be walked step by step ; having your interest covered yet at no cost! Do visit my website for my recent high level accolades and testimonials. Look forward to hearing from you! Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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2014 ERA Asia-Pacific Business Conference Elite Award

P Group
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Hi Sir,

I regret to inform you that essential occupier will also need to fulfil the 5 years of MOP. You may want to consider to purchase a resale EC and a private property instead? In this way, you may stay in 1 and rent out another without the need of paying ABSD.

Please feel free to contact me if you need further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Hi,

Re: Our Preferred SG Professional- Agent.myweb.sg & Agent.irealtor.sg

New EC policy same like HDB policy. MOP of 5 years is a must unless you opt for resale EC age of 10 years onwards. It will work out then :)

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

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

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