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Hi

Under the current HDB policies, you are allowed to buy a private property after meeting the MOP period.

As long as you own a property in your name, the new purchase will attract Additional Buyer Stamp Duty (ABSD).

However, you may buy under Trust which is a different scenario.

You may text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

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.

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

Dear madam,

Singapore Citizens household will be eligible to purchase private residential properties upon meeting the Minimum Occupation Period for their HDB. The key in purchasing the private residential property as their 2nd and subsequent residential properties will incur Additional Buyer's Stamp Duty of 12% and 15% respectively. Since you are planning to only purchase after paying off your existing home loan, your loan eligibility can be up to 75% of the value of purchase with respect to income and age of the purchaser, therefore a proper financial plan should be in place before you execute this investment plan.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

Yes its possible for Singaporean households to buy condos while keeping their resale HDB as long as their MOP are met and finances are comfortable. Do note the ABSD of 12% applies for 2nd property, and also cpf usage for 2nd property has some restrictions.

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 Diamond Achiever

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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.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

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! Read More

Hi Yes, it is possible, do contact me at 97970200  to discuss more on the feasibility

Mark, your RIGHT choice
Propnex Read More

Dear Mdm,

This is feasible, however you will need to pay Additional Buyer Stamp Duties when purchasing 2nd and 3rd property. It may not be financially sensible to pay the hefty ABSD as you will need several years of rental income just to recover the ABSD.

Please feel free to contact me so that I can understand your objectives better and provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to get to know me better:
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Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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Mr & Mrs Wong (Property Seller)

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Mr & Mrs Tan (Seller of Inter-Terrace House)

“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, Read More

Hi Mdm,

If either you or your husband is a Singapore Citizen, you will be eligible to purchase another private property while holding onto your current HDB flat.

However, do take note that ABSD applies. The current rate is 12% for Singaporean's second property purchase.

Hence, your plan is feasible, but probably not advisable as 12% is quite hefty. If you have the ready funds to pay for ABSD, I would like to make a better proposal for your consideration.

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 Read More

Hi there,

Whilst your plan is feasible, there maybe some concern if it is the best plan that suits your needs.

Before you jump into the investment wagon i can give you 4 Checklist
- Additional buyer stamp duty ( 12% up)
- Loan to value ratio reduction
- Seller stamp duty if there is a need to liquidate your investment
- The usual Buyer Stamp Duty
Hope that helps!

Each case is different and there will be a lot of thrashing around to make things works.
I can help you to customise your needs for future proofing your investments.

Thank for reading.

Best Regards,
Caden Wan
HP: 94315207  Read More

Hi Mdm

1. Do you plan to sell your current hdb before buying the condo?
2. If either you or your husband is a Singapore Citizen, you can purchase condos while holding onto your current HDB flat.
However if you plan to hold your current hdb and buy condos, 2nd or 3rd property ABSD will apply
3. Please take note on Loan to Value also if your current hdb not fully paid and you plan to purchase the condos while holding onto your current hdb flat

However, There is another option that you can consider
I will be glad to assist
Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More