Yes you may purchase a private property. If you're a Singaporean Citizen, you will be subjected to Additional Buyer Stamp Duty (ABSD) of 7% for the 2nd property.
I have many great condo projects to recommend. Do give me a call or drop me a text to discuss further.
Hope to hear from you soon. Thanks!
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As long as you are SC, and have met MOP, you can purchase private condo and keep both HDB and condo. However, you will be subjected to 7% ABSD for your 2nd property purchase.
Thanks and hope to understand your requirements further and value-add to your plans.
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As long as you're a Singapore citizen, you will be able to purchase a condominium and keep the HDB. You Will however be liable for 7% ABSD.
May I know which property or location you may be looking at?
If you were to share more on your expectations, requirements and budget, I will be able to succinctly propose developments to consider. I have the complete inventory of price and unit details of under construction properties/ resale properties going at high discounts up to 30% as well as firesales for your perusal and consideration. Do get in touch and I will walk you through step by step at no cost and also work out your financial calculation flow and progressive payaments/ timeline payments for your understanding.
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#1 team of ERA in Singapore, Asia Pacific International for 2014.
ERA 2015 Q1 Top Achievers (Top1% of ERA)
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As long as your household has at least one Singaporean, you are eligible to hold on to your current HDB and purchase a private property.
Do take note that you will be subject to 7% additional buyer's stamp duty as a SC and will have to set aside a minimum sum of $77.5k in your CPF OA + SA before you can use the excess for this purchase.
Lastly if you don't have any outstanding loan, you can loan up to 80% if not, it will be 50%.
Hope my explanation helps!
If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!
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
(W):www.propertyavenue.com.sg Read More