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Hi,

I think this is a great move. But before we go into the finer details, have you served your 5-year MOP for your HDB flat?

If you have served your MOP, I would love to meet you up to take this discussion further. As different people are in different stages of life and have different needs and objectives, I will need to understand more from you, before I can propose to you the most appropriate recommendation.

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

Hi,

If your MOP of 5 years is met, yes its possible to do so. However, as it will be your 2nd property loan, the max loan attainable is 50%. Typical breakdown of 2nd property purchase as follows:

Cash 25%
Cpf 25%
Max bank loan 50%
Stamp duties and legal approx 10% (bsd + absd)

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,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(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

Hi,

It is a fact that private property has a greater capital appreciation comparing to HDB flat. It is good to plan ahead than just thinking.

Some of the things you might or might not be aware coming to investing into 2nd property especially you are planning to keep existing HDB flat.

Below are some of facts you must be aware off:
(1) Buy pte as 2nd property
Do note of:
(a) You have to fulfill MOP (5 yrs) of existing HDB flat, date count from the day of key collection.
(b) 7% ABSD
(c) 2nd loan is limited to 50% only
(d) Basic Retirement Sum has to be maintain in CPF SA + OA, any excess in OA will then allow to be use to finance the 2nd property.

1(c) is applicable only if you has not fully paid on the 1st property.
1(d) is applicable regardless whether you have fully paid your HDB. It applied as long as you had utilized CPF for the 1st property.

(2) Comparison of capital appreciation:
Comparing EC & Private property, private property has a better capital appreciation.
Comparing EC & HDB, EC has a better capital appreciation.

If the aim of buying is to stay in a private condo environment, you should also consider resale EC.

As resale EC has a lower financial commitment comparing to private Condo, and the EC size is generally larger than private condo which definitely feels more like upgrade of life style than downgrade.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Hi there,

Thank you for your query!
Lets address your concerns-
Cash outlay for your consideration :
Below are some of facts you must be aware off:

Buying private property while renting out HDB - This makes it your 2nd property.
Firstly,
MOP: You have to fulfill MOP (5 yrs) of existing HDB flat, date count from the day of key collection.
Stamp Duty: 7% ABSD for private property
Loan Quantum: 2nd loan is limited to 50% only (TDSR Framework) if HDB is NOT fully paid for. Otherwise 80% Maximum Loan.
CPF Funds: Basic Retirement Sum has to be maintained in CPF SA + OA, any excess in OA will then allow to be use to finance the 2nd property.

Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline to narrow down ideal developments and shortlist exact unit layout type for your perusal. I have actively transacted many private properties (testimonials available on website) and since you may be unfamiliar with the process, you might want to tap onto advise and guidance in this regards, at no obligation of course. I will walk you through the entire process from selecting developments/ arranging viewings, handling bank/finance aspect, arrange for your legal processing matters as well as handle all paperwork at no cost. The purchase of private property does not involve agent fees and thus, you will enjoy expertise at every level at no obligation and cost. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and make a customised sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. Thank You!

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 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2016 Read More

Good evening buyer,

Care to share have you fulfill your minimum occupation period?

If yes, do take note of these cooling measures:

1) subject to 7% additional buyer's stamp duty

2) max 50% bank loan if theres still outstanding housing loan

3) you have to set aside basic retirement sum of $85.5k in your CPF OA + SA before you can utilise the excess CPF OA funds in this purchase.

Therefore, you will have to fork out at least 60% of the purchase.

But what if I can share with you that if I can tailor make a plan for you in which you might still be able to own two properties (one for own stay and other for rental purposes) and at the same time, you are still be able to have emergency funds for rainy days.

You will be able to save on tax, utilise all your CPF OA funds and maximise your bank loan.

Shall we meet up to discuss and explore your options first? Usually I will share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. I will let my client's money work harder for them.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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