AskGuru Q&A Community

Hi,

Yes definitely you can purchase condo and rent out HDB unit since you met your MOP. May I understand your requirements further and value-add to your housing plans? Thanks.

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

Hi, yes you can purchase a condo and rent out the whole hdb unit once you met the MOP. Pls also note that the additional stamp duty will be at 10%.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi there,

You can do so if your household has at least 1 singaporean. Do take note you will be subject to 7% absd on top of estimated 3% bsd. And if you have utilised cpf in your current hdb, you have to set aside a minimum sum of $77.5k in your CPF OA + SA before you can use the excess in this condo purchase.

If you are a SPR household, you have to dispose off your hdb within 6 months from purchase completion.

Hope my explanations help!

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

YT Tan
ECG Property
 9111 5171 
Yt.lovelyhomes@gmail.com Read More

Hi, do you like to know the option dont required you to pay ABSD yet own multiple SG properties?

I am reachable at my mobile or email.

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

Morning,

You will be eligible to apply for rental approval of either your spouse or you are SC. You will likely to obtain 50% loan if your current unit is still on mortgage. ABSD payable by cash will be 7 or 10%, depending whose name you are using for the purchase on the private property.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More