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Good morning,

Since you have no outstanding housing mortgage, you are able to obtain up to 80% bank loan (still will be subject to TDSR) for your second property purchase.

But do take note that you will be subject to additional buyer's stamp duty for this purchase depending on your residency status (7% as SC).

You will also have to set aside a minimum sum of $77.5k in your CPF OA + SA if you have utilized any in your fully paid HDB.

Maybe you can get in touch with me first and share more information with me so I will be in a better position to advise you.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi,

As per mentioned, assuming you are a citizen with no outstanding housing loans, breakdown as follows:

cash 5%
cpf 15%
max bank loan 80%
stamp duties (ABSD + BSD) + legal fees, approx 10%

max bank loan of 80% is dependent on your age, income and credit profile. final loan disbursed may vary, depending on the bank's criteria.

you will also need to set aside 77.5K in your CPF OA + SA before you can utilize any excess CPF monies for housing.

Thanks since your HDB is in the city, you might also wish to consider getting a condo for stay instead and renting out the HDB. The yields for HDB near to city fringe actually can generate decent yields.

Thanks and may I have the opportunity to understand your investment goals and value-add further? Glad to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi,

You should be looking some of the project less than 1 million. I have some projects are good for investment. Do let me know if you are keen to take a look at the showflat.

Regards
Alex
ERA
HP:9273 6096 Read More

Hi,

Please do contact me at 96659926  for a non obligatory discussion for me to better understand your specifications, requirements and expectations. Based on your budget, preference and needs, I will come up with a customized list of units to view! A comprehensive (sales/rental) report, projected rental yield and potential capital appreciation information will also be made available.

Visit my website to view my recent awards and testimonials:
www.kumarrai.com

Dhirend Kumar Rai
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
dkumar@era.com.sg Read More