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Hi Anthony, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, yes you would be able to retain the existing HDB flat and to purchase the next private unit if you are a local.

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

Hi Anthony,

Thank you for your enquiry. Yes it is possible to retain the hdb and get a 2nd residential private property as long as there is at least 1 Singaporean in the hdb ownership and also that the finances are comfortable. Unfortunately, transfer of ownership for hdb is no longer allowed as HDB only allows for cases that are of special circumstances such as financial hardship or divorce. Hence ABSD is applicable if you plan to get the 2nd property, and it is 12% for Singaporeans 2nd residential property.

I have worked on similar cases and helped home owners review and restructure their property portfolio. It may be a case where their hdb price has peaked or plateaued and it may be worthwhile to consider selling to upgrade to private property, or to get one in each individual names. Happy to share the best approach based on your requirements.

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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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

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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I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Hi
Buying a 2nd property without selling off the first property, ABSD is appliacble. Decoupling for HDB is not permissible.

You may however sell your HDB flat and buy private property separately.

You may text 9620 0827  for a casual chat.

Gavin Read More

Hi Anthony,

I believe both your questions have been answered by my fellow professionals earlier. The key thing is, why are you looking at a 2nd property? Are you planning to rent out your HDB or the private property?

With unemployment rate at the highest in a decade, and ongoing retrenchment exercises going on, looking for tenants can prove to be very challenging, which indirectly leads to lowering of rental in order to entice the next tenant.

Besides, depending on the profile of your existing HDB, while it can potentially hold significant sentimental value, the dollar value of the flat could be decreasing or if you have been using CPF to finance the existing HDB, your final cash proceeds from the sale will reduce as time drags on due to the accrued interest for CPF.

Perhaps it will be good for you to work out the sums now, do an assessment of what are available in the market before you make the next move.

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
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[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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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

Good day Mr Anthony Ong .

If you keep the hdb and buy a private property , you cannot decouple the hdb , and you cannot avoid the ABSD which will cost you extra 12% stamp duty based on the private property price .

Kindly contact me joanne chia at hp 8333 3327  for a no obligations chat for your property needs .

If you wish to sell your hdb , my charges are 1% for exclusive selling rights to your hdb, or 2% for open listing.

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne Chia .
Hp 8333 3327  Read More

Hi Yes you can retain the HDB and get 2nd property, however you are also liable for ABSD as ownership transfer is only in certain cases. Do contact me at 97970200  to discuss more on your options

Mark, your RIGHT choice
Propnex Read More

Hi Sir
Yes you are able to purchase a second propertt without selling your HDB. However unfortunately, 12% ABSD still applies as it is not possible to transfer your wife share to you alone as HDB does not allow this practise anymore. Do note your loan quantum may be affected if you still have an outstanding loan with your current HDB. You may want to consider a better solution whuch is to sell off your HDB. You and your wife may then purchase private property seperately as an individuals if you wish. I do provide free and non obligatory consultaion in regards to properties in Singapore. Feel free to contact me at 93375051  for a discussion on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi Anthony

I will be glad to assist
I won't be able to contact you first as I do not have your contact, 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

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi Anthony,

It is possible to retain your HDB and buy a private property as a 2nd property but that would also mean that you will need to incur the 12% Additional Buyer Stamp Duty on top of the normal Buyer Stamp Duty.

Under the current HDB rules, you will not be able to transfer the HDB to your wife as you are considered as a single entity as a married couple.

For clients who are in a similar situation, I will usually do up a financial plan so that I can provide them with an overview of the different options that are available and the cash outlays in each scenario so that they can weigh their options and make an informed decision.

Please feel free to contact me so that I can understand your situation better and assist you to weigh your options!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

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.
Weilun & Benita (Property Seller)

“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

Hi Anthony,

If either you or your wife is a Singapore Citizen, you could retain your HDB and purchase a second private residential property. If both of you are SPRs, you will have to sell off your HDB flat.

HDB does not allow transfer of ownership to another person without a valid reason. And purchasing a second residential property will incur a 12% ABSD for Singapore Citizen. This is on top of the normal BSD for all purchases.

If your objective is to own 2 properties, and still enjoy maximum savings, I do have a suggestion for you to consider. Do get in touch with me for a more in-depth discussion.

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

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