Good afternoon buyer,
Do take note of these cooling measures if you decide to purchase a second property purchase while holding on to current HDB.
1) max 50% bank loan since you still have outstanding housing loan
2) subject to 7% additional buyer's stamp duty as Singaporean
3) if you have utilised CPF OA funds in current HDB, you need to set aside half of minimum sum $80.5k in your CPF OA + SA first before you can utilise excess CPF OA funds in this purchase.
Moreover, care to share why are you eyeing these 3 projects? Do take note that 16 to 18 years lease has passed. As property ages, the property prices will decline.
Why not you share more information so I can come out with constructive suggestions to see whether are you still able to afford 2 properties without being subject to ABSD?
Hear from you soon!
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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