7 Answers

Ivan Ng

Since you are SC and have met the MOP of 5 years, yes you can purchase condo and rent out the hdb. However, do note that 7% ABSD is applicable for 2nd residential 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)
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/clientreviews/
(Client's Testimonials) Read More


Robbie Chen Chee Howe

Be it whether you have fully paid for the HDB flat, you still can proceed to purchase a condo for own stay, and rent out your HDB flat.

In your case, since you have fully paid your HDB flat, you are eligible to up to max of 80% loan for your condo purchase.

Also, please be aware that there is an Additional Buyer Stamp Duty (ABSD) of 7% of the purchase price for your 2nd residential property purchase.

However, have you thought if this is the best way to gain passive income from your properties? What if I can propose to you a method where you can have savings of up to ten or even hundreds of thousands of dollars? Will you be keen to explore this option?

Please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More


Joanne Chia 谢诗琳
good day Sir / madam .

As to your question , yes you can rent out your hdb and stay in a condo . However please note extra cost 7% ABSD additional buyer stamp duty if you buy a condo without selling your hdb .

Vise versa, savings of 7% ABSD If you sell your hdb and buy a condo concurrently .

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 .

Thank you .

Joanne chia
Hp 8333 3327 Read More


Bhavina Kaur

Yes you most certainly can. Do note that Additional Buyer Stamp Duty (ABSD) will be applicable for the purchase of this 2nd property.

I have recently assisted my client who owns a HDB to buy their 2nd property and look forward to assisting you as well.

Bhavina Kaur
ERA Realty

M: +65 9170 8295
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/bhavina.real.estate Read More


YT Tan (陈永达)
Good morning buyer,

Yes you are eligible to hold on to HDB and purchase a private property as long as your household has at least one Singaporean (you had fulfilled the MOP).

But do take note of these cooling measures:

1) 7% ABSD for second property purchase
2) need to set aside basic retirement sum of $80.5k in your CPF OA + SA before you can use the excess CPF OA funds for this purchase
3) ability to obtain max 50% bank loan if you still have outstanding loan for HDB

I believe you intend to own two properties, one for own stay while the other for passive income.

My team and I have been assisting numerous clients to restructure and grow their property portfolio. Will you be keen to find out more about owning two properties (you can obtain max loan, utilise full CPF OA funds and no ABSD)?

Hear from you soon!

- Your Leasehold Ally, Freehold Tactician -

1) Like my FB page: www.facebook.com/yt.tan91115171

2) Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://bit.ly/yt_proptrack (SRX property tracker)

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
Propnex Realty Pte Ltd

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

Powerful Negotiators
No1 team in Propnex Read More


Nick Tan
Dear Sir/Mdm,

Yes you can and it is a good way to generate passive income and grow your wealth since the rental yield for HDB is higher as compared to a condo.

However, you need to factor in these considerations before you start looking for a condo:

1. Additional Buyer Stamp Duty of 7% (on top of the 3% normal stamp duty)

2. Set aside Basic Retirement Sum (BRS) of $80,500 before you can use the excess to fund your condo purchase.

3. You will be able to secure 80% loan if you have fully paid up your HDB.

Please feel free to contact me so that I can understand your objectives better and provide you with further assistance!

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“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 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.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More


Johnny Goh Mui Huat
Dear Sir/Mdm,

Yes, you can stay in the condo and stay in the HDB as you have already fulfil the MOP.

If you are looking for a salesperson to assist you, I would like to offer my service to you.

Thanks and Regards
Johnny Goh
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 90906267
Email: johnny.goh@orangetee.com Read More