AskGuru Q&A Community

Hi Janice, you have to physically stay in the HDB unit for at least 5 years before you are allowed to purchase a private property. Pls feel free to let me know if you need any banker's contact to understand more about the 2nd loan.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Janice

Would you like to call me at 9620 0827  for a chat?

Thanks

Gavin Read More

Happy new year to you, Janice.

Do take note that you have to fulfill your MOP first before you are eligible to purchase a private property.

Btw how much initial outlay you need to fork out will depends on whether do you have any current outstanding housing loan and your nationality.

If you are a Singaporean and you have outstanding housing loan, your initial outlay will be as such:

1) 25% Cash downpayment
2) 25% CPF OA or cash downpayment
3) estimated 3% buyer's stamp duty
4) 7% additional buyer's stamp duty
5) $2.5k legal fees
6) $500 stamp duty for mortgage
7) valuation etc

It will come up to be 60% of your purchase price.

If you dont have any outstanding loan, it will be as such:

1) 5% Cash downpayment
2) 15% CPF OA or cash downpayment
3) estimated 3% buyer's stamp duty
4) 7% additional buyer's stamp duty
5) $2.5k legal fees
6) $500 stamp duty for mortgage
7) valuation etc

It will comes up to be 30% of your purchase price.

Hope my explanation helps!

Probably you can share more information with me so I will be in a better position to advise and assist you further.

Hope to hear from you soon!

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

Hi Janice,

You need to have meet MOP of 5 years for hdb before you can purchase private property. Depending on the amount of loan you can take for the 2nd private property, downpayment could be between 20-50% (cash+cpf). Thanks and hope to understand your situation further before making further recommendations. Thanks and hope to discuss further.

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 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Janice,
Are you still on mortgage loan ? It will affect your next house loan and the down payment required.
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

Hi Janice,

Re: Our Preferred Experienced SG Realtor

We can assist you based upon your stated contents and walk you through the entire process with options.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com
Skype: incomecare

Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”

Our SG Realtor Services Youtube
Residential- https://www.youtube.com/watch?v=3kI2tBtopuM
Commercial- https://www.youtube.com/watch?v=ELAXddJ6nEk

Daring to invest on SG branding portals give us an edge advantages in reaching out to consumers'.

Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.

www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg

Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More