5 Answers

YT Tan (陈永达)
Good morning Raja,

In order to be eligible to purchase a private property owner, you have to fulfil the minimum occupation period.

Have you meet the fulfilment?

Do you have intention to hold on two properties? Or intent to sell current HDB and purchase a private property?

If you want to hold on to both properties, your household must have at least 1 Singaporean. If both are SPRs, you have to sell off your HDB within 6 months from completion/ key collection date of private property.

Let's assume you are a SC and wants to hold on to two properties.

As you don't have any outstanding loan, you can obtain up to 80% bank loan (still subject to total debt servicing ratio, your age, income, debt etc).

If you have utilised CPF OA funds in your current HDB, you have to set aside a minimum sum of $77.5k in your CPF OA + SA first before you can use the excess to purchase a private property.

And you will be subject to 7% additional buyer's stamp duty as a SC on your second property purchase.


1) 5% cash downpayment
2) 15% CPF downpayment
3) estimated 3% buyer's stamp duty ($24.6k)
4) 7% ABSD ($70k)
5) $3k legal fees
6) valuation fee, stamp duty for mortgage etc

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Firstly, you must have met your MOP of 5 years.

If you are SC, and have no outstanding home loan, breakdown of condo purchase ($1mil) as follows:

cash 5%
cpf 15%
Max bank loan attainable 80%
BSD+ABSD + legal fees 10%

The breakdown will differ if say you can't get 80% bank loan. Please take note CPF usage for 2nd property will be restricted as only CPF monies in excess of 77.5K (minimum sum to be set aside) can be used.

If you are SPR household, you have to sell away your HDB once you collect keys to condo.

Thanks and may I understand your housing plans further before value-adding further? Thanks and hope to have the opportunity to work with you.

Warm regards
Ivan ERA
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
Hi Mr Raja,

In the event your MOP of 5 years is completed, the cash outlay would be as such:

20% Downpayment:
-5% Cash
-15% CPF

3% BSD
ABSD - Depending on your nationality
Legal misc fees
NO agent fees

Do contact me at 96659926  for us discuss further on your requirements comprehensively to understand the crux of your requirements & expectations, to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly as well as to explore the possible options accordingly at no obligation.

In midst, you will progressively be updated and furnished with these documents :
(1) Price analysis of units in your chosen location/ development
(2) Customized sales and rental report
(3) Recent Transaction Caveats
(4) Projected yield and capital upswing info derived from within vicinity properties / development

Let's catch up at 96659926  and allow me to walk you through this process seamlessly! Furthermore, no agent fees is involved, with the entire technicalities of the purchase resting on my shoulders to best protect and maximize your interest.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014.

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More
Assuming you are Singaporean and met MOP of your HDB.

Breakdown of capital outlay will be ($1M property)
5% cash
15% cash/CPF
3%+7% stamp duty

Total: $300K
50K from cash, the rest you can use CPF provided you have set aside 77.5K in SA & OA combined.

If you are PR, the difference will be
1. paying extra 3% for stamp duty
2. have to sell your HDB within 6 month after condo TOP.

Feel free to call for further discussion or email for a list of carefully shortlisted properties based on your specific criteria.

Warmest regards
Belinda Zhao
Senior Marketing Consultant
CEA Reg No. : R051311G
Huttons Asia Pte Ltd
Mobile: (65) 9628 0661 
Email: belindazhao1@gmail.com
Property Listings :http://www.findnewlaunchsg.com/ Read More
Hi Mr Raja,

I'm sure your questions have been adequately answered.

I would like to share with you on how you can still own a private property without selling your HDB and also how you can actually own a private property without having to touch your savings yet add on more to your current savings.

Do give me a call for a non-obligatory sharing. I'm sure you will take away important pointers about owning property/ multiple properties.

Vera Wang
H/P No.: 8777 7907  Read More