5 Answers

Ivan Ng

If you are SC and have met MOP of 5 years, yes you can purchase condo and rent out your HDB. If you have an outstanding loan for the HDB , typical breakdown for SC 2nd property as follows:

Cash 25% 375k
CPF OA 25% 375k
Max Bank Loan 50% 750k
Stamp duties and legal fees Approx 10% (3% + 7%) 150k

It might be better to pay off the current loan (if balance principal outstanding is small) so you can get a 80% max loan for the 2nd 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
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Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More


D. Kumar
Hi there!

Firstly, I would like to thank you for your query on Property Guru. If you are a Singapore Citizen and you have fulfilled your Minimum Occupational Period of 5years for your HDB, you can proceed to purchase a private condo, however do take note ABSD is liable. Please refer below.

Payment Outlay :
The purchase breakdown ASSUMING SC + 2nd Property is as followed -
:5% CASH ;deposit and exercise
[1% deposit AND 4% upon exercise]
:15% CPF (or cash if insufficient)
:3% Buyer Stamp duty; BSD (Can utilise CPF if you have enough funds,subject to conditions)
:7% Additional Buyer Stamp Duty
:Legal fee = $ 2,000~$3,500 dependent on individual legal firm.
Maximum loan 80% if HDB fully paid up.
Any outstanding loan will make you liable for 50% loan.

Should you be purchasing a property property, having agent representation will cost you nothing as it's free ,with everything being handled by your agent from A to Z. What does this cover?
-Understanding your requirements and preferences
-Shortlisting and arranging viewings of units in line with your requirements
-Paper Work/ Legal Arrangement
-Financial Calculations with succinct payment timeline/ breakdown
(Amalgamation of cash/ CPF proceeds etc)

-Customised Sales Report tailor made for your purchase
-Price analysis of Transaction caveats in surrounding developments
-Projected capital returns and rental yield report

Please do contact me at 96659926 for a short in depth discussion to value add your purchase and offer thorough insights to the property outlook! Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
+65 96659926
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2017 Read More


Gavin Ng

You may want to email to gavin.ng@orangetee.com for a proforma buyer financial report.


Gavin Read More


Joanne Chia 谢诗琳
Good day sir / madam .

Assuming you are singaporean and intent to keep the hdb , The minimum cash plus cpf would be approx 30% of the condo price that you intent to buy , example 30% of 1.5million property is approx $450 000 , out of which at least at least 5% must be cash . This $450 000 cannot be loan . If neccessary, the balance can be loan subject to your age and income

Alternatively to save on additional buyer stamp duty ABSD of 7% of condo price , equivalent to $105 000 savings of cash and cpf based on a condo of 1.5m if you sell your hdb concurrently while you buy a 1.5m condo .

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

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open istings ( many agents ) .

No commission chargeable when i serve private property buyers .

Joanne chia
Hp 8333 3327 Read More


Robbie Chen Chee Howe

Is your HDB fully paid? If it is, you will be able to loan up to 80% of your condo purchase, subjected to your TDSR requirements.

If you are still financing your mortgage loan for your HDB flat, you will only be able to loan up to 50% for your condo purchase. This means that you will need to come out with the balance 50% as downpayment.

The above are exclusive of the stamp duties that you will be liable to pay. With effect from today (20th Feb 2018), a revision of Buyer Stamp Duty (BSD) is in place, with properties above $1m affected by the higher stamp duties.

Also do take note of the CPF Miniumum Sum for 2nd properties which you will need to set aside if you had used your CPF funds for your HDB flat.

For a more in-depth calculation, do get in touch with me. I will walk you through the entire procedure, from financial calculations to providing you with the options that are available to you in the current market.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More


  • BO
    Additional info:

    - Yes, we are Singapore citizens.
    - HDB is fully paid for.

    Qn - if CPF Special Account already have the $80+k Basic Retirement Sum, does it mean i can wipe out the full Ordinary Account for the condo?