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Hi,

For 2nd property purchase, MOP of 5 years must be met. If you are an SC, you can keep both HDB and condo.

As current policies only allow 80% max bank loan, 20% downpayment and 3% stamp duties are still required, hence you will need at least that to book an unit. Thanks and hope to understand your requirements further and discuss.

Warm Regards,
Ivan Ng
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To add on, 7% ABSD will also be required on top of the 3% BSD, since it is your 2nd property. Thanks and hope it clarifies. Read More

Assuming a decent 1BR condo of price $600,000.
Cash 5% = $30,000
15% = $90,000
Buyer's Stamp duty = $12,600
Additional Buyer's Stamp duty = $42,000

Assuming bank lends you 80%, total cash / CPF outlay is $174,600

Let's discuss further.
Do call me at 81883186 
Gary Read More

Hi,

Thanks for your query!
The cheapest condo you can consider now is going for $3xx, which will require minimal cash payment.

To aid in the decision making of which residence will value add your portfolio and profit margin, I would need to understand your exact requirements, finances on hands and preferences. This will allow me to conduct a comprehensive search and succinct shortlist of projects.

Furthermore, I could take this opportunity to share insights on the market, conduct a financial cash calculations w progressive payments and propose some options w high level of discounts and possible firesales to leverage on the weak market! To add, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework - from technical matters to financial, legal matters and beyond. A comprehensive sales report coupled with live up to date transaction caveats of chosen projects will be provided to validate the best possible deal. You can always look this discussion up as an interactive means of obtaining progressional advise with regards to your priced asset and having your concerns & questions cleared in the most efficient manner. Look forward to your reply!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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