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Hi,

Thanks for your query.
We will need to discuss more comprehensively on your finances (cash flow / CPF) for me to be able to deliver an accurate financial projection and cash flow calculations. Moreover, your loan assessment has to be done- which you can seek advise from any of my network of bankers at no cost. Once that that, I will propose what type and what quantum you can consider for your purchase.

As you know, purchasing a property is likened to an investment in a priced asset and as such, it requires critical and well thought through analysis and rationale before committing. If you may not have already known, engaging a realtor to represent you in your purchase does not make you liable for any fees. In a nutshell, you pay nothing for my service and consultation but I assure you of handling the entire technicalities of the purchase to best protect and maximize your interest.

If you are comfortable with working with me for your real estate needs, I will be most glad to render my services, advise and expertise accordingly so that your purchase intention can be taken to the next level.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

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

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2014 ERA Asia-Pacific Business Conference Elite Award

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Hi,

You will need to fulfil MOP of 5 years before you can purchase private property. Do you still have an outstanding loan for your HDB? If so, your 2nd loan will be at 50% of purchase price. There are also other financial calculations. Thanks and hope we can discuss further to see if its viable.

Warm regards
Ivan ERA
 97432395 
ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Good afternoon buyer,

Nice hearing from you!

Do take note that you have to take note on a few matters for your second property purchase.

1) Minimum occupation period. You have to fulfil MOP first before you can purchase a private property in Singapore or overseas.

2) Any outstanding loan? It will affect the loan quantum of your purchase. If you don't, you can loan up to 80% if not, you can loan up to 50% only.

3) CPF minimum sum. If you have utilised CPF OA funds in your current flat, you have to set aside max $77.5k in your CPF OA + SA before you can use the excess on the property purchase.

4) Residency Status. If your household is SPR household, you have to sell off your HDB within 6 months upon key collection/ TOP of project.

If you are Singaporean, you will be subject to 7% ABSD on top of estimated 3% buyer's stamp duty.

5) Finances on hand. You need to come out with at least 20% downpayment. How much do you have on hand?

Hope my explanation helps!

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

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
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