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Hi. I just purchased my EC 6months back. TOP will be around year 2018. I'm considering to get a 2nd property, am I eligible to purchase a private condo or I need to wait for another 5years after TOP? And what are the additional cost for 2nd property?
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5 Answers

Evening Dennis,

With the purchase of new EC, you are binded by HDB ruling indicating that you are not to have any interest on any other private property till the MOP have being fulfilled.
Should you insist on getting the private property, HDB have the right to revoke your application and deem the application and void. You will also lose your deposit.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,

Unfortunately you have to wait for 5 years after MOP before you can consider a 2nd property. You may want to consider commercial property instead, but the loan attainable may not be very high with your current commitments. Thanks and hope to assist with your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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(Client's Testimonials) Read More
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YT Tan (陈永达)
Good morning Dennis,

I am sorry to inform you that you have to fulfill a minimum occupation period of 5 years from your key collection date first before you are eligible to purchase a private property.

Alternatively, you can consider commercial or industrial property for investment purposes.

Hope my explanation helps!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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(W): www.propertyavenue.com.sg Read More
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GAN ENG JOO ONASSIS
Hi Dennis,

Re: Our Preferred Experienced SG Professional

You need to hold the thoughts or you also cannot opt to purchase foreign property under the HDB ruling for MOP.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@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.

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Hi Mr Lee,

Unfortunately, you will not be able to purchase a 2nd residential property due to the Minimum Occupation Period that is imposed by the HDB.

You may wish to explore commercial or industrial properties instead? There are some units which are for sale with tenancy and offer a decent yields.

Please feel free to contact me at 9644 4854  to discuss further!

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

Testimonial from Satisfied Clients (2015)

“Nick from Property Avenue 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)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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.”
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