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$800k to purchase a 2nd property inclusive of ABSD and all related stamp duties and miscellaneous fees, I don't think you will be able to get anything decent. Even with $1m price range, you will likely be struggling to purchase units with good prospects. It will depend on how much your existing HDB can fetch and what your options are in terms of purchase for own stay to determine what your options are.

Key principle to me is do not buy for the sake of buying just because I can earn commission from you as my reputation as a consultant in this business will be at stake and I do not have intentions to switch to another industry. :D

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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Hi Sir/Mdm,

Personally I would not recommend paying ABSD to own a 2nd property because the amount of tax is high and you would need many months of rental just to recover the ABSD paid. My suggestion would be to sell you 2 room HDB and purchase a 2 or 3 room condo as condo has a better chance of capital appreciation and you may also rent out the spare bedrooms to generate some income for yourself.

Please contact me so that I can understand your situation and provide you with further assistance.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

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I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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Susana (Buyer) Read More

Hi,

You can consider to sell the HDB and realize the gains, and purchase a dual key condo unit (own stay, and rent out the studio). This will meet your objectives and expand your options for private property, while avoiding the ABSD.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

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Mark, your RIGHT choice
Propnex Read More

Hi,

Singaporean purchasing a second residential property will incur a 20% ABSD. Assuming you max out your loan and cash on hand, a $800k condo purchase will set you back $160k just on ABSD alone. This is on top of the normal BSD that every purchases incur too.

It doesn't really make sense to get a second property by paying ABSD. You might wish to explore selling off your HDB flat, and then reinvesting the funds into a condo. This way, you can save on ABSD and at the same time allow you more budget for a better purchase with potentially more capital upside.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi,

1) According to the information provided. You are over 41 years old and your average income is below $6k.
2) If you have other income sources that are not included in the TDSR calculation, which may be used to pledge for a higher loan. Then there are more options.
3) From the IPA amount and saving funds, it is insufficient to buy a sizeable private residential property.
4) The budget is only sufficient to buy a resale 2-bedroom unit in the outer urban area.
5) Personally, your profile is not suitable to do any investment in the property.
6) You will need a higher leverage power in order to invest and reap profit from the property.
7) You may consider buying a 4-rm flat and renting out the rooms for passive income rather than the options listed in your query.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

You may sell and purchase a pvt property if you wish,

Pay ABSD for 2nd property if you wish, there are really no pros and cons.

I can advice you on what properties you can explore and what is the right options for you at this stage.

Rgds,
Rene Tan
Propnex Read More

IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

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To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

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From: ABLE Toh- Your Property ASSISTANT ：）

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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More