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Hi Mr. Mugen,

If you are SC and have met the MOP of 5 years for the current HDB, yes you can purchase a condo and keep the HDB. The max loan is 80% of the next property price or valuation (whichever lower).

It depends on your objectives for the private property, your finances and how comfortable your risk levels are. Are you planning to stay there long term? 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 
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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi Mr Mugen Fire,

Thanks for your query!
You could very well purchase a condo , and keep your HDB at the same time - IF you have fulfilled the Minimum Occupational Period of 5 Years. Once fulfilled, you can purchase your condo, but do take note that Additional Buyer Stamp Duty(ABSD) of 7% will be applicable on your purchase if you are a Singapore Citizen.

So in a nutshell-
Fulfil your MOP
Aware that 7% ABSD is liable

May I ask if you looking for own stay or long term investment? Typically, I would advise my clients to consider new launches, primarily for the exponentially higher scope of appreciation (given location) and buffered rental yield- due to brand new status.

For long term investment , of course location plays a huge part in consideration. But above and beyond we cannot negate the other factors - the amenities (distance to amenities), accessibility (how well connected the development is to town/ MRT etc), rentability (depending on development and unit itself) etc. The real returns of your investment solely depends on the quantum you're investing and your investment objectives (projection in mind).

Perhaps you could contact me for a preliminary non obligatory discussion for me to understand more on your preference and investment objectives and thus, share more on transactions caveats and furnish you with CUSTOMISED SALES REPORT tailed made for you, for your understanding and comparison between the the different choices to ascertain which is truly catered for your preference. Based on this, I would narrow down what HIGH YIELD PROJECTS you could focus on .
I have a real live feed data app which is able to help me guide my investors as to which property is - undervalued ? over valued? It shows projected high capital returns/ rental yield for the forthcoming years. With this set of data which not many specialist posses coupled with my years of experience, I believe I will be able to guide you to a mutual decision to enhance your property portfolio. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

Let's discuss further so that I can propose not just projects but also exact unit layouts which will be highly sought after by investors and tenants likewise. That will be a triumphant to your investment. Furthermore, I will take the opportunity to chart out the sales report & projected returns, offering market insights for your consideration.

Visit my website for my recent accolades and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2016 Read More

Hi Mugen Fire

You may hold on to your HDB flat after meeting your MOP if you are a Singaporean.

You will likely be able to get an 80% LTV if you do not have any outstanding home loan.

You may want to write to gavin.ng@orangetee.com as we can only advise on a clear understanding of your intention of buying the condominium.

Regards

Gavin Read More

Hi Mugen, Yes you can. Assuming you have no other outstanding loans, you should be able to get up to 80%. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Good day Mr Mugen Fire

Please note only singaporean can rent out an entire hdb .

Assuming you are singaporean and intent to keep the hdb , The minimum cash plus cpf would be approx 30% of the condo price that you intent to buy , factoring approx 10% of taxes such as additional buyer stamp duty ABSD , example 30% of 1.5million property is approx $450 000 in cash and or cpf , out of which at least at least 5% must be cash . This $450 000 cannot be loan . If neccessary, the balance 80% can be loan subject to your age and income .

Alternatively to save on taxes such as additional buyer stamp duty ABSD of 7% of condo price , equivalent to $105 000 savings of cash or cpf based on a example condo valued at 1.5m if you sell your hdb concurrently while you buy a 1.5m condo .

Kindly contact me for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your hdb , or 2% for open istings ( many agents ) .

No commission chargeable when i serve private property buyers .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Good day Mr Mugen Fire

Please note only singaporean can rent out an entire hdb .

Assuming you are singaporean and intent to keep the hdb , The minimum cash plus cpf would be approx 30% of the condo price that you intent to buy , factoring approx 10% of taxes such as additional buyer stamp duty ABSD , example 30% of 1.5million property is approx $450 000 in cash and or cpf , out of which at least at least 5% must be cash . This $450 000 cannot be loan . If neccessary, the balance 80% can be loan subject to your age and income .

Alternatively to save on taxes such as additional buyer stamp duty ABSD of 7% of condo price , equivalent to $105 000 savings of cash or cpf based on a example condo valued at 1.5m if you sell your hdb concurrently while you buy a 1.5m condo .

Kindly contact me for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your hdb , or 2% for open istings ( many agents ) .

No commission chargeable when i serve private property buyers .

Regarding to your question leasehold or freehold , new launch or resale , resale is slightly cheaper than new launch by the fact that resale is used , both in terms of the physical property and the lease of the land .

Leasehold convenient location is good if you intent to sell your property within 1 property cycle , freehold is recommended if you intent to keep your property for very long or a few property cycle .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Mr. Mugen,

According to the latest finance announcement, you have to pay more for buyer stamp duty.

Answer to your questions are as follow:

(1) You are allowed to buy a private property while holding to HDB flat under following conditions:
(a) There is a SC in your family nucleus. Otherwise, you have to dispose off your HDB within 6 months upon key collection of your purchase.
(b) You had fulfilled your HDB MOP.

(2) Max loan from bank is kept at 80% provided this is your only housing loan.

(3) Different lease term condo: the difference between these different lease term in first 10 yrs has small difference.
The main reason on different preference for different people is their future plan.

(a) 99 yr lease: This is the most common property preferred, as this is most economical to purchase, however, value starts to depreciate after 20 yrs.
No difference if you intend to retire in this house.

(b) 999 & freehold: This is almost equivalent to each other, as no one can even predict what's going to happen tomorrow, thus they are long enough.
These land are more scarce and thus usually command a premium price during purchase. Minimum capital depreciation even after 20 yrs.
Can receive higher capital appreciation during En-bloc.

(4) New or resale is dependent on your plan, to stay long term or prepare to sell in near future, for comfort or capital appreciation only.

Additional thing to consider:
(1) How much cash you have in your plan?
(2) How much is your passive income?
(3) What is your contingency plan?
(4) Are you prepared to pay higher buyer stamp duty (tax)?

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

Note:
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Hi Mr Mugen,

If you're a Singapore Citizen, you will be able to hold on to your HDB flat and purchase a second private residential property.

Since your HDB is free from loan, you will be able to loan up to a max of 80% for your next property, subjected to TDSR requirements.

Do take note of the new Buyer Stamp Duties (BSD) in place with effect from today (20th Feb 2018), and the ABSD that you will be liable for 2nd property.

May I know if you're looking to purchase the condo for your own stay? If you are, and if space is your utmost concern, I would suggest your look at older Freehold developments.

If it is investment rental that you're looking at, what matters most is the rentability, and the yield you could get out of the property. I do have some good suggestions for you in this case.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Mr Mugen

YES u can hold on to your HDB (and rent it out too)

YES, u can get an 80% loan since you dont have any other housing loan

Suggest get a FREEHOLD pte near an MRT station

Ravin Hp 9798-5917 
KNIGHT FRANK Read More