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Having no outstanding home loan, your loan eligibility is up to 80% subjected to your financial assessment.

Do work out your sums proper before committing to a 2nd property since the market is filled with vacant units seeking for tenants, if your plans are to rent out 1 of the property.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Good day Sir / madam .

As per your plans , yes the bank can loan you up to a max 80% of the condo , but loan quantum is also subject to your age and income .

Please note there are lots of costs if you choose the rental income route , in short , rental yield is very low .

Costs in sequence according to weightage . :

Most significant is Additional buyer stamp duty ABSD 7% of condo cost .
Bad paymaster tenant = non payment .
Vacant months = no rent to collect .
Maintainance fee of condo approx few hundred $$ per month .
Income tax generated from rental income .
Property tax .
Wear and tear maintainance of your rental property .
Property Agent fee .

Kindly contact me for a no obligations chat for your property needs .

My charges are1% commission for exclusive selling rights to your hdb , or 2% for open listing .

No commission chargeable when i serve private property buyers .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Good day Sir / madam .

As per your plans , yes the bank can loan you up to a max 80% of the condo , but loan quantum is also subject to your age and income .

Please note there are lots of costs if you choose the rental income route , in short , rental yield is very low .

Costs in sequence according to weightage . :

Most significant is Additional buyer stamp duty ABSD 7% of condo cost, No ABSD if you sell hdb and buy condo concurrently .
Bad paymaster tenant = non payment .
Vacant months = no rent to collect .
Maintainance fee of condo approx few hundred $$ per month .
Income tax generated from rental income .
Property tax .
Wear and tear maintainance of your rental property .
Property Agent fee .

Kindly contact me for a no obligations chat for your property needs .

My charges are1% commission for exclusive selling rights to your hdb , or 2% for open listing .

No commission chargeable when i serve private property buyers .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

Since you have no outstanding mortgage loan for the hdb, the next property you can take max 80% loan. It is also subject to your age, income, credit profile and any other debt obligation you have at the moment. Do note that 7% ABSD applies if you are SC.

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 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More

Good afternoon,

Since you do not have any exisiting mortgage, you will be eligible for 80% loan.l, subjected to your credit and income status. However, if you are SPR, you will be required to sell away your HDB unit within 6 months from Key collection. If you are SC, ABSD will be payable. You will also be required to serve the CPF minimum sum requirement.

Do feel free to contact me for further discussion.

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

HI,
Max 50% loan only apply for the 2nd property loan. Since you had already fully paid the current HDB, you will be eligible up to 80% loan.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More