AskGuru Q&A Community

Good morning,

Firstly, your husband must be SC and have fulfilled the MOP requirement on the HDB unit.
Then if he opt to purchase second property with your brother, it would have to be private property. Do note that ABSD will be payable and LTV will be cap at 50%. He will need to note that he is required to set aside the CPF minimum sum before he can utilized the balance on the second property.
Lastly, he will need to know that he will only be eligible for BTO application after 30 months from the selling of the private property.

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

Hi,

If you are SC and have fulfilled the MOP for the hdb, yes you can purchase 2nd property. Do note that the barriers will be quite high as there is 7% ABSD payable, and your max loan will only be 50%. The cpf you can utilized for 2nd property will also be restricted to a certain extent.

As for your brother, he needs to wait out a 30 month period after selling private property before he can apply for BTO (assuming he qualifies).

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

Hi,
Yes, you may purchase with your brother but there is 7% ABSD. In order to purchase a BTO in the future, your brother's must wait for 30 months after dispose or remove his name from private property.

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