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Dear sir/madam,

What are your objectives in doing so? If you do a search online for $800,000, you are unlikely to have good choices, probably the older 2 bedrooms units or if you are looking at newer properties, your probably choices will be 1 bedroom.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Good morning,

With 800k, you have 1 or 2 bedroom options. Is your objective more of capital gains or regular rental income? Do note ABSD of 17% applies as well for 2nd residential property. There will also be CPF usage restrictions for the 2nd residential if you have used CPF OA for the 1st property.

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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Good morning Sir/ Mdm,

Do take note of these cooling measures before proceeding further:

1) 25% downpayment (min 5% cash, balance cpf or cash) max loan 75% cause no outstanding loan
2) 3 to 4% stamp duty depends on property value
3) additional buyer's stamp duty of 17% applicable for SC buying second property.

Do take note that you need to set aside basic retirement sum of $96k in your SA+OA first before you can use the excess to buy 2nd property.

By getting a 2nd property while holding on to HDB, you need to fork out $360k in cpf or cash.

Care to share how big is your family size and how many bedrooms do you require? Where is the furthest location you dont mind staying cause you are staying in a prime location at the moment?

With all these information on hand, I will therefore be able to advise you where might fit in your requirements and budget.

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

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, with the budget given, you could go for a 2 bedroom resale condo unit but pls do take note of the ABSD.

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

Dear Sir/Mdm,

For a 800k budget, you can consider some 1 bedroom units which are conveniently located near MRTs or amenities. These projects are able to generate a high rental yield of above 3%.

However as a 2nd property, you will need to factor in the 17% Additional Buyer Stamp Duty in your budget. It may be prudent to do an analysis to see whether is it worthwhile before you proceed.

Please feel free to contact me so that I can understand your intentions better and share with you more on the market outlook.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
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Hi Sir/Madam

1. Is your current HDB under your sole name? If yes, then 2nd Property ABSD will apply for your 2nd Property

2. How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

Congratulations on fully paying off your HDB flat in quicktime!

However, I'm not so sure if this is the right move for you, especially if you had utilized most of your CPF funds. The amount of accrued interest may shock you in years to come.

And if you were to purchase a second property, you will incur 17% ABSD, on top of the normal 3-4% BSD. If you had utilised CPF for your HDB flat, you will also need to set aside the Basic Retirement Sum (BRS) before you're eligible to utilise the balance CPF monies for your second property.

As for your budgeted $800k property, may I know if you're looking to purchase for your own stay, or is it another property you're planning to rent out too?

Perhaps we can have a more detailed discussion on your plans going forward, along with your expectations and end goals?

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,

Thank you for your query.
In order to assist you further, I would need more information from your own to ascertain your finances and churn out a comprehensive financial report. This will help in proposing options tailored in accordance to your requirements and objectives. Should you need advise or assistance in property related matters, please do not hesitate to contact me for a non obligatory discussion. I employ the latest tools to assist my client in making informed decisions and leverage on the best and latest platforms both online and offline to market their properties for maximum exposure.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

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Hi,

1) According to HDB published data, Dawson 4-rm & 5-rm flat rental is ~$3.3k/mth & $3.7k/mth respectively.
2) It does make sense to rent out this current flat to subsidized your monthly mortgage for your new purchase.
3) However the main issue of buying a 2nd property while holding an HDB flat is you are unable to do decoupling.
4) This implied you have to pay an ABSD of 17% as an SC unless you can register the new purchase under someone's name without any property.
5) 17% ABSD for a $800k property is $136k, 4-rm & 5-rm flat rental to recover this 17% is 3.43 yrs and 3.06 yrs respectively.
6) And if this $800k property does not have a good capital appreciation, it means that you will be relying on your flat to earn you the capital appreciation till you retired.
7) You have to consider how much would this flat be worth another 30 yrs down the road before making such a decision.
8) The other option you could consider is to sell your current flat and buy another 2 properties, one to stay and one to rent instead.

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

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