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Good morning,

If your financial capability permit, clearing the current outstanding with HDB and getting your second property would be good. With the appropriate choice, you can attain both rental and capital yield.

Do feel free to contact me for further discussion.

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

Hi,

Based on the limited info shared, it might be better to clear off the hdb loan so to obtain a 80% loanfor your next property. Do note ABSD applies for 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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

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--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---

Translation from Mandarin:

We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.

We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.

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Dear Sir/Mdm,

If I am in your shoes, I will likely consider these 2 options depending on my objectives:

1. Pay off my current HDB loan and buy a 2d property for rent or for own stay. By paying off the loan, I will be able to obtain a loan for up to 80% for my 2nd property. I will be able to take advantage of the (still) low interest rate, while keeping some cash in reserve in case interests were to increase in the future. At the end of the day, I will have 2 properties, one for stay and one to generate passive income. Only downside is that you will need to pay an Additional Buyer Stamp Duty of 7%.

2. Sell the HDB and upgrade to a private property or an EC. You are in a good position to upgrade and you should always upgrade if your earning power is still strong. It is currently a buyer's market and there are plenty of attractive options that are available in the market currently. By upgrading, you will be able to upgrade your lifestyle and also move up the wealth ladder! You may also save on the 7% ABSD.

Ultimately, it depends on what your objectives are to determine which option is better suited for you. Please feel free to contact me so that I can understand your situation and objectives better and hopefully can assist you further!!

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

Without understanding the income and its stability, we will only be working based on the existing conditions, however, by dispensing yourself of the HDB commitment, you will not only be looking at saving on the ABSD, but also optimizing your asset or investment portfolio returns. I am partnering with a financial consultant very closely to work with our clients to look into savings on top of investment and asset management. Would you be keen to explore even further than just planning on purchasing 2nd property?

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
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Hi,

Based on the set of information , it is best to clear your HDB loan to attain maximum loan for your next purchase. This would be a more pragmatic view. Private property transactions is my niche market and will be glad if you could furnish me with more information so that I can FULLY understand your requirements and specifications to be able to succinctly shortlist and come up with a customized list of units for you to view at no obligation! If you may not have already known, engaging a realtor to represent you in your purchase does not make you liable for any fees. In a nutshell, you pay nothing for my service and consultation but I assure you of handling the entire technicalities of the rental to best protect and maximize your interest.

I will walk you through the entire process, shouldering all the responsibilities- assisting you all the way from finding the perfect unit to negotiating for the best price to post deal paperwork. I will also provide you with the rental transaction caveats and rental report to further enhance your understanding of the market sentiments.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

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Hi,

With the amount of cash that you have amassed over the years, I believe you may be looking at your first steps to building a healthy property portfolio, and at the same time enhance your own living standards.

Before I can propose to you the best possible option for you, I need a clearer understanding of your profile. I need to know your age, and your current monthly income. This is to ascertain your loan affordability. By knowing these information, I can then work out a plan that suits you and your family.

Please give me 2 hours of your time to run through all the queries you may have, and let me partner you in your journey to build a healthy portfolio for your retirement.

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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

My answer: Buy 2nd property using the cash you have. Why?
I will be more than happy to share when we meet up.
All road leads to Rome. Most important, is know what you want and want what you know.

Best regards,
Edvan Lee
 8424 1222  Read More

Good evening Sir/ Mdm,

Just to check have you guys fulfill MOP?

I will assume you guys have.

Do take note of these restrictions if you intend to purchase a second property purchase:

1) if never clear current HDB loan, max loan will be 50%. if clear, it will be 80%.

2) if you have utilise CPF OA funds in current HDB, you will have to set aside basic retirement sum ($83k) in your CPF OA + SA first before you can use the excess CPF OA funds

3) you will be subject to 7% Additional buyer's stamp duty as Singaporean

Based on your situation, I feel that there's a good chance that you still can own 2 properties. 1 for own stay and another for investment and wont be restricted by these cooling measures. You will be able to utilise max loan, max CPF OA funds and enjoy tax savings!

Will you be keen to hear me out?

Just for sharing, I recently assisted a single income couple with 3 kids to upgrade to a private condo and at the same time, they will have reserved funds up to 3 years for their mortgage even in the event that they dont work.

Assisting clients to upgrade with ease and without worries is my forte.

Hope you can benefit from my expertise in asset progression planning.

Hear from you soon!

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

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
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More

Good day Sir / madam .

Please note ABSD additional buyer stamp duty of 7% payable if you intent to own 2 residential property .

Alternatively , you may want to do your sums and consider selling 1 property and buying another replacement property , to save on the 7% ABSD .

The rental market is very weak for landlords if you choose to keep 2 properties , you may want to ask around to verify my point .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( 1 sole agent only ) to your property , or 2% for open listing ( many agents ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More