Asked by
Hi,My wife and I own 2 properties.A HDB valued @600K fully paid and a private property @650K,soon TOP .It is possible that we can own another private property?What does equity loan mean?We interested on buying 2+1 pte property.
0
582 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Hi H Intan,

Yes, you are still able to own another property.
Please do note that the bank loan will be max at 60% and you will have to pay the ABSD of 3% for your next purchase.

Any preferred location that you are interested with?

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
www.sgRippleBay.com
www.sgSkyHabitat.com
www.sgBartleyResidences.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
williamkoh.st701property.com
ERA Read More
0
YT Tan (陈永达)
Morning H Intan,

You are definitely able to do so. Like my fellow agents had mentioned, you are able to loan up to 60% of the purchase if assume that your housing loan for your second property has not being paid in full yet. If you need more information and advise on loan, I will love to introduce a few hardworking bankers that I have on hand.

Do be mindful of the additional buyer's stamp duty that you will be subject to.

If you need any assistance in your home purchase, feel free to contact me.

Hope to hear from you soon!

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E; yt.lovelyhomes@gmail.com Read More
0
Hi H Intan,

Yes, for your situation, you may get your 3rd property here without much trouble.

I can arrange equity from your prty property and make it work for your 3rd one, have bankers working specificly on the work.

Do contact me if I can assist you. FOC for aganet fee.

Best Regards,
Robert Peng
Huttons Asia Pte Ltd
CEA Reg No: R042525J
Mobile: +65 9800 1968 
Email:Robertpeng001@gmail.com Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions