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Hi Mr Kelvin,

Thank you for your query!
I believe if you would like to keep your HDB and invest in a 2nd property, it would be for investment purpose to generate passive income. In view of that, in my personal opinion, I always advise my client to consider private condominiums (be it resale or new launch - depending on finances on hand + investment objectives)

Although resale EC achieves the status private property after 10 years after subsidised helm of the government and is able to enjoy the same benefit- ie; ability to sell to foreigners etc, the growth / capital appreciation scope is variable in comparison.

As trends have exhibited, as long as you purchase the right condo property at the right location, your property will appreciate and be in demand in terms of rent and capital growth even in downswings due to the nature of private condos to appreciate typically higher. Now, how do we identify these high yield projects?

Do contact me at 96659926  for us discuss further on your requirements comprehensively to understand the crux of your requirements and investment objectives, to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances to explore the possible options accordingly at no obligation. I do not limit my scope to buying selling or renting but I manage my investor clients portfolio and seek to enhance them as well , hence I have a knick for investment ideal projects and will be able to illustrate further through calculations and transaction caveats should you get in touch with me.

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

D Kumar
 +65 96659926 
ERA Associate Division Director

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Hi Kevin
If you are a Singaporean and have met with your MOP, you are eligible to buy a private condominium.

Whether you are financially ready, we will need more information to ascertain your affordability.

If you can write to gavin.ng@orangetee.com, we can do a proforma financial statement for your understanding.

Regards

Gavin Read More

Good evening,

If either you or your spouse are SC, you can keep the HDB unit after purchasing your second property. ABSD of 7% or 10% with be payable depending on how is the owner of that property. You will also be eligible for 80% loan but you can only utilize the balance CPF monies after setting aside your basic retirement sum.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
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5) Bankruptcy
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Hi Kelvin,

Judging from the information that you have provided, you should be able to afford a 2nd property of up to 1 mil.

However, you should also be mindful of the CPF restrictions on the usage of CPF for a 2nd property. You may also want to include the 7% Additional Buyer Stamp Duty into your financial plan.

As to whether you should be looking at a resale EC or private condo, my suggestion is to focus on projects that can generate decent rental yields while you wait for the capital appreciation in the long run.

Please feel free to contact me so that I can understand your objectives better and provide you with some recommendations!

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

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“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.”
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Hi Lets meet up so i can share with you the insights and financials for you to understand your options.
I will be available via 91442664  . Look forward to hear from you.
Best Regards,
Tricia Tan
 91442664 

Group Director Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Good morning Kelvin,

Both of you are eligible to invest in a second residential property as long as your household has at least 1 Singaporean and have fulfilled the minimum occupation period.

By the way do take note of these cooling measures applicable for this purchase:

1) if you have utilise CPF OA funds in your current flat, both of you have to set aside $85.5k in your CPF OA + SA respectively before you can use the excess CPF OA funds in the purchase

2) will be subject to 7% additional buyer's stamp duty if you are Singaporean

Based on your combined income, both of you should be able to loan to $800k which therefore able to buy up to $1m property.

BUT due to the cooling measures, your finances on hand will only be buy up to $667k property even though you can obtain a substantial loan thus your options are quite limited.

Perhaps we can meet up over a cup of coffee to discuss and explore your options. At the same time, I will share more about the property outlook and how I had help my clients to grow wealth via assets (from 1 property to 2 properties and still have emergency funds) and how I make money work harder for them.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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Hi Kelvin,

There are many options you can look at. But I will need to understand more information from you before I can propose the most appropriate plan to you.

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