AskGuru Q&A Community

Hi there.

In order to either keep or sell your HDB, you have to fulfill your MOP requirement first of all.

Yes, you may keep your HDB even after buying a private condominium..

With regards to selling your HDB after 6 months, that is only provided you purchase an EC (executive condominium). If you were to purchase a fully private condominium, there is no need to dispose off your HDB.

Do feel free to contact me for an non-obligatory discussion if you need further clarifications :)

Regards,
Lau, Irwin
 9800 0974 
irwin.propertysg@gmail.com
PropNex Read More

Hi,

If you are citizen and have met MOP of 5 years, you can purchase another private property and keep both HDB & condo. However, 7% ABSD applies and there will be minimum sum requirements for CPF. 2nd loan property loan will also be lower at max 50%, if you have an outstanding loan.

Thanks and may I understand your requirements further so as to value-add to your investment plans? Hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Evening,

If either of you are SC and have fulfilled MOP, you will be eligible to purchase your second property without the need to sell away your current unit. Do note that if the second property is purchased under SC, ABSD of 7% is payable. Do also note that if your current unit is still under mortgage, the max loan available to you will be 50%. You will also be required to set aside the CPF minimum sum before you will be eligible to utilize the balance for payment on your second purchase.

Do contact me further should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

7% ABSD is a must for second property.

Feel free to drop us a call at 92222389  , to process further for your next property purchase.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
Email: Onassis@sgrealtor.com
Skype: incomecare

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