Hi,I just recently bought a HDB flat. Currently I have 50k cash of savings but my OA been wipe out. Is it possible to purchase a condo for investment with 50k cash?
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4 Answers
Good morning Sir/ Mdm,
You have to fulfill 5 years minimum occupation period first before you are eligible to purchase a private property.
Hope my sharing helps in aiding in your enquiry.
May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
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To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
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You have to fulfill 5 years minimum occupation period first before you are eligible to purchase a private property.
Hope my sharing helps in aiding in your enquiry.
May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki
To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
Hi,
You can only purchase another residential property after you had met the 5-year MOP of your HDB flat.
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 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
You can only purchase another residential property after you had met the 5-year MOP of your HDB flat.
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 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,
1) You are only allowed to purchase a private residential property after you fulfilled the 5 yrs MOP of your current HDB flat.
2) The above is only true if you are a citizen of Singapore.
3) You are not allowed to purchase private property while keeping the current HDB flat even after fulfilling the 5 yrs MOP if you are an SPR.
4) To invest in another residential property, you will need to prepare at least a 25% down payment assuming you are able to get a 75% mortgage loan from a bank.
5) In other words with $50k, you can only buy a property value at $250k.
6) To get a 75% loan, you must be free of mortgage loans, meaning you must fully pay up your current HDB flat. If you still have a mortgage loan, the next highest mortgage loan you can get is 45% LTV.
Hope the above answer your main concerns, but if there are more query, 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
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) You are only allowed to purchase a private residential property after you fulfilled the 5 yrs MOP of your current HDB flat.
2) The above is only true if you are a citizen of Singapore.
3) You are not allowed to purchase private property while keeping the current HDB flat even after fulfilling the 5 yrs MOP if you are an SPR.
4) To invest in another residential property, you will need to prepare at least a 25% down payment assuming you are able to get a 75% mortgage loan from a bank.
5) In other words with $50k, you can only buy a property value at $250k.
6) To get a 75% loan, you must be free of mortgage loans, meaning you must fully pay up your current HDB flat. If you still have a mortgage loan, the next highest mortgage loan you can get is 45% LTV.
Hope the above answer your main concerns, but if there are more query, 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
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1
Dear sir mdm
If you need a property agent
Whatsapp to HP 8 2 7 9 - 8 3 2 7 to discuess further
I will be glad to assist you in regard to your properties needs / rent / sale etc
Thank you !
Have a good day !
Koh Zhen Hon
ORANGETEE AND TIE PTE LTD
Property Agent Salesperson Licence Number R057810C
Estate Agent Licence Number L3009250K
Estate Agent Singapore Address:
430 Lorong 6 Toa Payoh #01-01
OrangeTee Building Singapore 319402 Read More
If you need a property agent
Whatsapp to HP 8 2 7 9 - 8 3 2 7 to discuess further
I will be glad to assist you in regard to your properties needs / rent / sale etc
Thank you !
Have a good day !
Koh Zhen Hon
ORANGETEE AND TIE PTE LTD
Property Agent Salesperson Licence Number R057810C
Estate Agent Licence Number L3009250K
Estate Agent Singapore Address:
430 Lorong 6 Toa Payoh #01-01
OrangeTee Building Singapore 319402 Read More