8 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

If you had met the 5-year Minimum Occupation Period (MOP) as an occupant, you can proceed to buy a private property without any restrictions. There is no limit to the number of private properties you can own. However, you will be subjected to the Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD).

Hope this answers your question.

Best Regards,

Team PropertyGuru
Ivan Ng
Hi,

Do you mean you also own the condo you are currently living in? As long as the MOP of the hdb flat of 5 years are met, you can purchase another condo, however the ABSD rate of 12% (if 2nd property) will apply since you already own the hdb. Also max loan is 45% if you also have another outstanding home loan.

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
ERA Senior Marketing Director
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I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

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We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!
Mark Ng S W
Hi There is no limit to number of private property however there is the ABSD you need to pay. Do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex
Gavin Ng
Hi

Too many to questions with varied scenario to answer in this chat.

You may text 9620 0827 for a casual chat.

Warmest regards

Gavin
Aaron Chong
Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes you could still purchase a private property.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg
Nick Tan
Dear Sir/Mdm,

For your case, you currently has one residential property count under your name since you are one of the owners of the HDB. You may still proceed to purchase a private property to stay or invest but you will be subjected to the Additional Buyer Stamp Duty for 2nd and subsequent properties. There is no limit on the number of private properties that you can own as long as you pay the stamp duties and can support the loan requirements.

Please feel free to contact me so that I can understand your intentions better and assist you further.

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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Ling CK
Hi,

1) First of all, log into HDB.gov.sg to MY HDBpage using your mother singpass to check whether you are the owner or occupier.
2) If you are the owner, check under the same link to see whether your MOP had expire. If it already did, you may purchase a private property.
3) There is no limit to number of property own after you complete your MOP. However, 12% additional buyer stamp duty apply to the 2nd property you purchase, and 15% for any property bought after that.

Hope the above answer to your main concerns, but if there are more query, 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://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Robbie Chen Chee Howe
Hi,

As long as you have fulfilled the 5-year MOP, you will be eligible to purchase another property.

However, do take note that TDSR and LTV applies. ABSD is also applicable in this case.

Lastly, there is no restriction and limits on the number of properties you can own.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property 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