5 Answers

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

Mark, your RIGHT choice
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Ivan Ng

If you are turning 55 years after 01 Jan 2019, the current retirement sum is 176k. You need to set aside half of the retirement sum (88k) in the OA/SA before any excess CPF OA can be used for 2nd property. Do note the 12% ABSD applies also for SC 2nd property.

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
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(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. 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.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.

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

We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. 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. Thanks Ivan! :)

-- Sellers of Exec Maisonette Gaffoor & Isha --

Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.

-- HDB BTO 4rm Sellers at Sengkang, Jonathan & Abigail --

By faith, we signed the contract with Ivan and in less than two weeks time, we opened our house for the first and the only viewing, days later the OTP was signed! Thank you for all your excellent diligent services and all the professional advise!

-- HDB upgraders to New EC owners Mr. & Mrs. Goh --

My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More


Nick Tan
Dear Sir,

From 1st Jan this year, the Basic Retirement Sum amount has been revised to $88,000. That is to say, for your 2nd property, you will only be able to utilise the amount of funds in your OA, in excess of 88k with both OA and SA combined.

For a 2nd loan, you will only be eligible for 50% of the valuation if your HDB is not fully paid up yet.

You will also need to factor in the Additional Buyer Stamp Duty in your calculation. Please feel free to contact me so that I can understand your situation and requirements better before I can assist you better. I can also help you draft up a financial plan to determine the quantum of property that you can afford very comfortably.

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

I have written a guide to buying Residential Property:
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“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.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More


Jolyn Tan
Dear Buyer

I will be happy to help find a 2nd property for you, be it resale or new launch.
Do note you will now need to keep at least $88k in your OA and SA combined before you can utilise the CPF funds.
Perhaps you furnish more details such as the type of unit, location and price range you are looking so we can recommend matching units for you?

Jolyn Tan
OrangeTee & Tie
HP : 90118028
Email : jntan1@yahoo.com.sg
Website: www.jolyntanproperties.com Read More


Robbie Chen Chee Howe

If you're looking to purchase a second property jointly, both you and your wife will each have to set aside the half minimum sum ($88k from 1st Jan 2019) in your OA+SA, before you can use the excess funds in your OA for your second property.

Do take note that if your HDB is still under loan, the maximum you can loan for your second property would be 45%. This means you will have to pay up 55% in downpayment. On top of that, if both of you are Singaporean, you will also be liable for a 12% in ABSD. BSD of 3-4% applies too. All in, you will need to set aside funds of minimum 70% of the purchase price, provided your TDSR requirements are met for your second property purchase.

Hence, I'm not sure if this is a suitable solution for you. If you're looking to own multiple properties, I may have a much more viable solution for you to consider.

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
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