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Hi,

You can stay in a condo and rent out the HDB, provided it has completed the MOP (Minimum Occupation Period) or 5 years.
Property Tax for investment property, this case is your HDB will be 10% of the annual fee.
Let me know if you need assists to find a good tenant for your HDB.

Kind Regards
J.A.Goh
ERA Branch Division Director
HP: 96390350 
Email: gohja@singnet.com.sg Read More

Hi,

In this case, you will pay the higher property tax on your HDB.

For the amount taxable, please refer to IRAS: https://www.iras.gov.sg/IRASHome/Property/Property-owners/Working-out-your-taxes/Property-Tax-Rates-and-Sample-Calculations/#title3

Should you need any 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

Hi,

Thanks for your query. Once all 3 of you purchase a condo to stay in, the property tax for the HDB will be adjusted to "Non-Owner Occupied" and will tax under Residential Tax rates. This will be 10% of the Annual Value instead of the usual concessionary rates.

Do note that all 3 of you have to be SC and have met the MOP of 5 years before you can purchase 2nd property. ABSD rates will also apply according to your purchaser profile.

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)

--- Ms. Toh, Condo Investor in the East ---

Ivan is a young agent filled with dedication for his work. He seeks to stay long in this career.

I seeked out his service among a sea of agents as his belief on his website is credibility. I need an agent who is honest and provide me the knowledge needed to navigate the property market. Ivan's commitment and earnestness made up for his young age.

He has made a promise to find a good tenant for me in two years time when the condo completes, and I appreciate this commitment"

--- Celia Lai, HDB Landlord ---

"Dear Ivan, I am writing this to thank you for service, I think you are excellence and work hard to find me a tenant. I know it was difficult because I am very selective and I always not available for viewing.

You are sincere and can be trusted, that why I willing to pass you my house key. You have provided extra mile service by traveling to Singapore Zoo to collect the house key from me when I had to be with my family, and help me to touch up my house so that it was more appealing to the potential tenant.

You have encouraged me to accept the good tenant profile when I was indecisive . Now, the tenants have moved in happily, I am so grateful for your advice. I wish you success in your business and will be glad to refer other clients to you." Read More

Hi Sir,

Thanks for your query!
Your tax will be revised to under Residential Tax rates. This will be 10% of the Annual Value. However, do note that all 3 of you have to be Singaporeans and have met the MOP of 5 years before you can purchase 2nd property.

I have transacted many deals in recent times, and assure walking you through the entire process- from taking on the responsibility of marketing your unit and seeing you through all aspects- charting out current rental analysis of surrounding properties for understanding of current market market sentiments and of course, sourcing for the perfect tenant for your home.

I hail from the #1 team of ERA in Singapore, Asia Pacific and international for 2015-6. I have also won many coveted awards recently, which is a testimony to my commitment and drive towards meeting my clients real estate goals and aspirations.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com Read More