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Good morning buyer,

Great hearing from you!

If you don't have an outstanding mortgage, you can loan up to 80% (still subject to your age, income, debt etc).

Your initial outlay will be around 30% of the purchase price.

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 7% additional buyer's stamp duty as Singaporean
5) $3k legal fee
6) $1k valuation fee
7) $500 stamp duty for mortgage etc

Do take note that you have to set aside a minimum sum of $77.5k individually n your CPF OA + SA if you have utilized CPF OA funds in your current HDB before you can use the excess to purchase a private property.

Last of all, nowadays you can't use your existing property to secure mortgage anymore. If you don't have enough funds then you might have to sell off your HDB to upgrade.

Nevertheless maybe you can share more information on your available finances (cash and CPF OA funds on hand) so I will be in a better position to advise you. Cheers!

Have a great weekends ahead!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte. Ltd.
Vice President (Agency)
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Good morning,

Your family nucleus must consist of at least one SC to be eligible to keep your HDB unit upon key collection of your private property. If you have cleared your existing mortgage loan, you will be eligible to max of 80% loan, till age of 65. 5% of the down payment must be made using cash and balance 15% can be made using CPF, after setting aside the required CPF minimum sum. With the current ruling, HDB owners are not allowed to utilize their HDB unit as collateral.

Do contact me for further discussion.

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

Hi,

Do contact me for a detailed discussion on all your doubts.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

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

No commission chargeable from me to private property buyer as i collect comm from developer or the private property seller .

I have help my hdb client buy a 2nd property ( private ) without have to pay ABSD additional buyer stamp duty , however i cannot ascertain your status qualify likewise, unless i get relevant info from you .

Joanne chia
Hp 8333 3327  Read More

Hi, if you intent to purchase a 2nd property, I suggest you clear you current hdb loan since the quantum is very affordable.
1. Once you are not serving any property loan you are eligible for 80% loan of the 2nd property.
2. 5% cash and min 15% cash + cpf for down payment.
3. please allow me to assist you to do the estimated loan calculation and the monthly instalment.
Please be aware that the ABSD is 7%.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Dear Sir/Mdm,

Thanks for posting in Propertyguru.

For your case, when you clear off your existing loan for your HDB, you will still be able to loan up to a max of 80%. For the other 20% , 15% can be in CPF and 5% will be in cash. When we talk about CPF here, I would also need to remind that as you are purchasing a second property, you will need to set aside 50% of your CPF minimum sum in both our OA and SA accounts before the access can be used for property purchase.

Another thing that we need to take note will also be the Additional Buyer Stamp Duty (ABSD) which is 7% for Singaporeans buying second property. So if you are considering a good size condo then we are also looking at higher price which leads to a higher amount of ABSD.

If you are fine, maybe we can meet up for a discussion or chat on this. No worries , there are no obligations at all. We can really just take it as a chat. Then I can take the opportunity to answer anymore queries you may have and maybe do a financial calculation for you to see how you can purchase the property.

Over the years, I have always placed my clients' interests in top priority and I was rewarded with my clients' testifying for my service rendered. If you are available, maybe you can visit my website, www.jeffreyheng.com to read some of my testimonials. I was also honored to win the SAEA Best Client Service Silver Award last year during the National Real Estate Congress. I believe I will be able to provide some advice to you and also answer your queries.

Looking forward to hear from you soon! Happy New Year!

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

Hi,

If you have met your MOP of 5 years, you can purchase a 2nd residential property. You need also to be an SC to keep both HDB and Pte.

Once you have paid down your HDB housing loan fully, you can loan up to 80% of the purchase price of the (2nd) private property. Breakdown as follows:

Cash 5%
CPF 15%
Bank Loan Max 80%
ABSD + BSD (Stamp Duties) and Legal Fees Approx 10% (if Singapore Citizen)

There are also minimum sum requirements to maintain before you can use excess CPF monies for 2nd property. For HDB units, you can't secure a loan using the fully paid HDB as collateral, thus the downpayment side, you have to find other ways to fund it (for example taking a personal loan if the amount is not too big and you are comfortable with rates).

Otherwise, you may also wish to consider selling away your HDB to fund the private condo purchase. In this manner, it is less taxing as the sales proceeds can be used to fund the upgrade.

Either way, your timelines are crucial to ensure cash flow issues are not a problem during upgrade and transition. Thanks and may I understand your housing plans further before further value-adding?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi.
Looking at the hdb market conditions, are you taking advantage of the right time to cash out your profits to invest in other properties to give you better gains?
How about owning 2 properties with low cash outlay? I would love to have a detailed session with you to give you options of what you can do.
Look forward to hear from you.
Tricia Tan 91442664 
www.triciatan.myweb.sg Read More