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I need advice and suggestions on my goals of owning a condo. I am 30 this year, sole proprietor monthly nett bring home salary approx, 4k to 7k. On average 5k. Married with one 5yo kid.
No liability of loans/debts, housing loan
except car loan.

I currently owns a 3rm bto hdb stayed for a year, it's fully paid.

I would like to find out what are my options to play this ball game?

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3 Answers

Hi,

You have to meet your MOP of 5 years before you can start purchasing a 2nd residential property. Thanks.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More
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YT Tan (陈永达)
Good morning!

Do take note that if you have to fulfill the minimum occupation period requirement before you are eligible to purchase a private condo be it in Singapore or overseas.

Even though you mentioned you fully paid off your BTO, how about MOP?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Dear sir/madam,

It would be at least a good 3+years later that you will be able to look into purchasing a condo as you will be required to meet the Minimum Occupation Period of 5 years for your existing HDB. In the meantime, you may wish to look into how much loan are you eligible for and perhaps consider investing into commercial properties and exiting when your MOP is met so as to supplement your capital into the condo purchase. Let me know if this sounds good and if I am able to work together with you to actualise your goals.

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