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Hi,

For 2nd property purchase with 2nd mortgage, typical breakdown as follows:

Cash 25%
Cpf 25%
Max bank loan 50%
Stamp duties (BSD+ABSD) and legal fees approx 3+7%

Alternatively if your hdb has appreciated and getting older, you might want to consider to re-organize your portfolio by selling the hdb and getting 2 private properties. Will be glad to share more and explore your plans and requirements together.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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This helps to avoid the ABSD* in a way and allows you to capitalize more on potential appreciation of 2 properties. Read More

Hi,

Are you open to the option of selling your HDB flat?

Reason I ask is because, based on the information provided, if you choose to keep your HDB, I am afraid it is not possible for you to buy a second property, as apart from the stamp duties, you will also need to set aside 50% (25% cash, 25% CPF) for downpayment.

If you're open to the option of selling your HDB, I would love to meet you up and do a detailed financial planning, to see what are the options you can go for. This will be a non-obligatory discussion. I am also very familiar with Jurong and Central area as these are my focus area.

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

Hi,

Perhaps we could engage in an interactive discussion for me to understand your requirements and investment objectives to be in a better position to advise which type of properties to target. The options are varied and thus, the choice must be made in an informed and timely manner.

Having said that, as a rule of thumb, it is always best to get your finances assured and secured to conduct the search appropriately. Perhaps I can link you to my banker who will assist you with an IPA at no cost. I would also illustrate a financial cash computations/projections with progressive payments to assess which commercial options will suit your interest and property portfolio best. I have a couple in mind, which simply needs some refinement once I have gathered your preferences. This would also give me an opportunity to share more on the market insights and illustrate a preliminary procedural frame work- conducting a comprehensive & succinct sales report with rental yield information. Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
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Good evening buyers,

Do take note that you will face these restrictions in your second property purchase:

1) set aside basic retirement sum of $83k in your CPF OA + SA before you can utilise the excess CPF OA funds in this purchase

2) you will be subject to 7% additional buyer's stamp duty for owning second residential property if both of you are Singaporeans.

3) you will only be able to take up max 50% bank loan as you still have an outstanding housing loan.

With these restrictions in place, you most likely wont be able to purchase an unit for investment.

But fear not.

Recently I just helped a single income punggol owner with 3 kids to purchase a private condo with huge tax savings. He is not even hit by the restrictions and still have at least 3 years worth of reserved funds to pay the mortgage even in the event, he doesnt need to work.

May I know when will be a good time for me to share more with you and spouse?

- 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