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Hi Mr. Lee,

I will be glad to assist. If you are a SC household and have fulfil MOP of 5 years, you can purchase a 2nd private property, and keep both HDB and private. You can choose to rent either out, depending on your preference.

If you purchase a new EC, you will have to sell away your HDB within 6 months of key collection to EC. There are also eligibility requirements such as income ceiling of 12K and family nucleus. You also have to stay in EC for 5 years before you can sell/rent out your EC next time. There are a few EC options to choose from in Sengkang / Punggol currently.

Based on the info you have shared, if I were you, my humble opinion is that i will try to keep both HDB and private and rent out one for retirement needs. It is certainly not as easy to be part of this blessed group to have both hdb and condo now, since the entry requirements are more restrictive now. Financials wise, I will be glad to illustrate if the plans are worth following through, if I can have more info from your side. Thanks and hope to have the opportunity to work with you and value-add to your housing plans.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Hi Anthony,
You can rent out the 2nd property. This is the idea most of the investor have. Pay the 20% down payment, get up to 80% loan, and rent out the condo. The rental to pay the monthly instalment of the loan. So you investment only the down payment.
Do you like me to know share with you the details investment plan on top of the above? Visualize the plan before go ahead.

Please drop me an email for me to share on the investment plan and comparison of EC with private condo.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner on your questions and queries- as it'll be lengnthy in typing and of course reading for you!

Visit my website to view my testimonials & recent awards 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

About Me-

ERA Top Achievers 2013/14
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Good evening Anthony,

I will love to assist you with your investment property but I will advise you with the regulation and ruling first.

Your household must fulfill minimum occupation period and has at least one Singaporean in order to hold and stay in HDB while purchase and rent out condo.

Do take note that the loan quantum for your second property purchase will depend whether do you have an outstanding housing loan currently. As you don't, you can loan up to 80% (still subject to total debt servicing ratio - TDSR) with 5% cash and 15% CPF/ cash as downpayment.

Another thing to take note will be subject to additional buyer's stamp duty (ABSD) for the second residential property purchase (7% as SC).

Lastly you will need to set aside a minimum sum of $77.5k in your CPF OA + SA before you can use the excess in this purchase if you have utilized CPF OA funds in your HDB.

Let me draft a financial plan based on your finances and see whether can you purchase for investment or upgrade.

You can use to upgrade to bigger HDB or EC/ private condo for different lifestyle.

Hope my opinions aid in your decision making.

If you need any assistance or advice in your property needs, feel free to contact me. Cheers!

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 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi Anthony, There are a few options available for you guys if you are looking to get your second property. Get a smaller Condo unit for investment purpose while continue to stay in HDB or get a bigger condo and rent out the HDB. both ways would require you to de-couple in order to save on the 7% ABSB if you can meet the condition. Or you can sell the HDB and get two private property under each of yours and your wife name. There are both Pros and Cons in all these methods. And in order for me to customize my solution, I would need to know more details. As such. please drop me a call or e mail for a more detailed discussion before you proceed with your real estate plan.
Cheers
Rix Jim
 9687 1379 
rix.jim@hotmail.com
Propnex Read More

Hi Anthony,

Nobody can guarantee you positive returns for every investment upon exiting the investment. The very reason why you are looking to invest is probably the low interest rates which banks are giving if you bank in these dollars in your account, therefore looking at ways to grow the wealth. Looking at incestment of local real estate scene, the immediate future does not bode well from investment returns perspective as sales price are dropping and rental prices are diving too, therefore I was just wondering why are you looking to enter this weak market unless you are prepared to hold for long and wait out for profits. As a salesperson, our duty will be to sniff out good potential investments or products real estate wise and share these opportunities with our clients. At the end of the day, we should not be held accountable for a wrong decision made as due diligence should be done by our clients too. In every form of investments, there will always be people who make money or lose money therefore if there is no appetite for risk taking, it is better off not to invest at all.

My team is involve in a seminar tomorrow where our distinguished speaker will share more about how to own multiple properties for the price of 1. We will be ending the registration today therefore if you are keen to explore and listen about how this can benefit you, do let me know as soon as possible to get your attendance registered.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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