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Hi Ms. Lim,

As long as you are SC and have met the MOP of 5 years, yes you can purchase 2nd residential property. Yes ABSD of 7% applies if its your 2nd property purchase, and if you already have an outstanding mortgage loan, your 2nd loan is only max 50%.
It doesn't matter when you bought your HDB as your purchase of 2nd property will be now and onward, hence prevailing stamp duty and mortgage policies apply.

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)
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SMU BBM (Finance), Magna Cum Laude

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Dear Ms Lim,

Yes for your question on the loan rates and ABSD applicable, so why are you looking to purchase a 2nd property now? Looking at the current economies, I highly discourage additional property purchases at least in Singapore. Do share more with me what are your plans in email or mobile as we are not alerted to any responses posted here.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
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Dear Ms SW,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Yes, 50% housing loan and ABSD applied if you still have HDB with existing loan.

Buying property need to be prudent, will always recommend to clear existing loan first before going into private property.

Do not go into overseas property as more risky vs local properties regardless it affordable.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

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Good morning SW,

you are eligible to purchase a private property and hold on to your existing as long as you fulfill your minimum occupation period and your household has at least one Singaporean.

Do take note of these cooling measures if you decide to purchase a second property:

1) max 50% loan if you still have outstanding mortgage in HDB
2) 7% additional buyer's stamp duty payable for your second property ownership as a Singaporean
3) if you utilise CPF OA funds in current HDB, you will have to set aside basic retirement sum of $80.5k in your CPF OA+SA first before you can use the excess CPF OA funds in this purchase.

My team and I has assisted numerous clients to grow their property portfolio.

Will you be keen to find out more about tax savings, ability to obtain max loan etc?

Hear from you soon!

- Your Leasehold Ally, Freehold Tactician -

1) Like my FB page: www.facebook.com/yt.tan91115171

2) Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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