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Hi,

Your main concern is to get 2nd property after buying a HDB flat. Since you are eligible to purchase a BTO flat, it also implied you're Singapore Citizen.

1) Yes, you are eligible to purchase a private property as 2nd property upon satisfying HDB rules & regulation of MOP.
2) You shall be subjected to 12% Additional Buyer Stamp Duty (aka ABSD).
3) Since you will be 55 years old by then, your loan tenure will be shorten till 10 years, which is up to 65 years old.
4) You are eligible to 75% loan since you don't there is no housing loan.
5) You may extend your loan tenure beyond 65 years old if you can accept 55% loan.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.facebook.com/Homesellerbuyer

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Hi
Yes but your 2nd property will be restricted to private property not HDB and 12% ABSD applies in the case. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Dear Sir/Mdm,

Congrats on the coming arrival of your BTO!

After you BTO reaches MOP, you are eligible to purchase a 2nd property. As you are already 55 by then, then we will need to know that we will need to fulfil the Retirement Sum in your CPF Retirement Account. So we will need to ensure that the finances are well planned for. Loan amount will also need to be considered property as many factors will then affect the loan amount and also the loan tenure.

If you are really keen on owning a second property, maybe we do not need to wait that long. As I do not have your contact, maybe I can trouble you to contact me so that I can share more on property investments and what are some good investment properties that you can consider and. you can purchase even if you own your HDB.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
Training Director (Navis Living Group)
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)

* Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ *
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Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com Read More

Hi,

Yes it is possible. As long as you have fulfilled the 5-year MOP, you will be able to purchase another residential property.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Greetings from Ohmyhome!

Yes, you can purchase a 2nd property even when you reach 55 as long as your finances can support. Do note the ABSD rate payable as well.

For more information, kindly contact us at 68869009  or WhatsApp us at 97551009  .

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More