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Hi,

If your MOP of 5 years is met, and since there is a SC owner in your hdb flat, you can purchase condo. You can keep both HDB and condo also. However, ABSD applies and your 2nd housing loan is lower.

Purchasing EC means you will have to sell your HDB within 6 months of key collection to EC, but there is no ABSD and EC is typically 10-20% cheaper than private condo.

Understanding your requirements further will help to make better recommendations for your needs. Thanks and hope to discuss further and value add to your housing plans.

Warm Regards,
Ivan Ng
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Afternoon,

Since you have purchased the resale HDB unit in 2010, you would have fulfilled the MOP requirement. As you are SC, you are eligible to purchase your second property without selling your HDB unit. However, if you purchase new EC, you will be required to sell away your HDB within 6 months from key collection.

Do contact me should you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Mrs Yuan, if you are still servicing the 1st loan, then moving forward to purchase a condo and having the 2nd loan, it will be as low as 50% from the bank. And so if budget is a big concern and still both of you wishes to upgrade, then perhaps the best option is to go for EC unit and upon TOP, sell away the current HDB unit.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Mrs Yuan,

Thanks for your query!
Firstly, to be able to retain both your HDB + Condo, you eligible for a condo purchase. If you purchase an EC, you will need to dispose off your HDB within 6 months of purchase.

To aid in the decision making of which residence will value add your portfolio and profit margin, I would need to understand your exact requirements, finances on hand/ financial obligations (outstanding loan) and lifestyle preferences.

Condominiums are generally better performers and have a far better appreciating factor ; with higher rate of returns and projected capital upswing than EC. Perhaps I could chart out and illustrate the price analysis and rental returns of Condo vs EC to give you a better perspective of the profitability of each option. Furthermore, I could take this opportunity to share insights on the market, conduct a financial cash calculations w progressive payments and propose some options w high level of discounts and possible firesales to leverage on the weak market! To add, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework - from technical matters to financial, legal matters and beyond. A comprehensive sales report coupled with live up to date transaction caveats of chosen projects will be provided to validate the best possible deal. You can always look this discussion up as an interactive means of obtaining progressional advise with regards to your priced asset and having your concerns & questions cleared in the most efficient manner. Look forward to your reply!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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Hi,

Pls contact me at 92222389  and meet up to discuss on your option based on your preferred property n present financial aspects. You can rest your minds with our services.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

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