5 Answers

Ivan Ng
Hi,

The minimum cash downpayment for 2nd outstanding loan
property purchase is 25% , that is 300k for a $1.2m property. The max loan to value is 45% for 2nd outstanding mortgage loan. Depending on how much you can loan and how much CPF OA you have, the cash payment amount may be higher.

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 Realtor ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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Robbie Chen Chee Howe
Hi,

If you have an existing loan, the maximum you could loan would be 45%, which means you will need to set aside funds for a 55% downpayment.

If you're a Singaporean and the property you're going to purchase is your 2nd property, you will be liable for ABSD of 12%. Add this to a BSD of approx 3-4% plus legal conveyancing fees, you will need to set aside funds of total about 71% of the property purchase price.

Based on a $1.2m property, you will need roughly about $850k. The amount of Cash you will need to fork out depends on how much CPF you can utilize for the purchase. Even if you have huge CPF funds, you will still need a minimum of $300k CASH for the downpayment as the rules states that minimum cash is 25%.

Based on the above figures, I'm not so sure if this is your best option going forward. May I know if the property you plan to purchase is for your own stay or for investment purpose?

If your objective is to own 2 properties, I may have a proposal for you to consider. Please get in touch with me for further 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

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Mark Ng S W
Hi , do contact me at 97970200 to discuss more

Mark, your RIGHT choice
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D. Kumar
Hi there,

Thanks for for your query.
Firstly, the loan to value would be 45% on your 2nd purchase.
Given that you are a Singaporean purchasing a 2nd property, you will be liable for ABSD of 12% with a BSD of approx 4%.
Are you looking for an investment or upgrading for own stay?

To be fair and honest , any advise or computation given here would be brief , and not tailored succinctly for your proposed plans. To be able to assist more effective, perhaps you could contact me so that I can address all concerns and run you through the exact financial calculations and financial plan for your purchase to ascertain your feasibility. From there , I can narrow down your options and advise which will value add your portfolio. I have held many such cases in my career and will be glad to offer advise and insights as a form of preliminary discussion to expedite your plan. It will also be useful for me to run through transaction caveats of your property and customise and sales and purchase report for your understanding and perusal.

Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

D Kumar
+65 96659926
ERA Associate Division Director
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Silvia Yang
Hi Sir/Madam

I will be glad to assist with details calculation
Please contact me at (65) 96608508 or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a for non obligation discussion.

Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com
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