We received a DM asking us, 'Should I buy a second property if I already own one in Singapore?' After our last video, we realized we couldn't provide a comprehensive explanation along with all the necessary context. So, here it is! Please drop your questions in the comment section below if you have any more queries about purchasing property in Singapore. We'd be more than happy to assist you! And don't forget to share and subscribe to our channel! Resources: About BSD marcusluah.com.sg/absd-bsd/ Mortgage Calculator marcusluah.com.sg/mortgage-loan/ Timestamp: 00:00 Introduction 00:50 Question 01:34 3 Things to take note 02:28 Second Housing Loan To Value 03:24 Initial Outlay for a $2 Million Property 04:35 Total Debt Servicing Ratio 05:49 Additional Buyer Stamp Duty 07:48 Disclaimer 08:10 Should you or not buy a Second Property 08:25 My recommendation 11:25 Ending For more videos like this, do subscribe to us here! DM for enquiries - linktr.ee/Keepitrealwithmarcus Connect us on your socials: Ask Me Anything here (NGL) - ngl.link/marcusluah Tiktok - www.tiktok.com/@marcusluahsg/ Instagram - instagram.com/marcusluah/ Facebook - facebook.com/Luahmarcus/ Telegram - t.me/KeepItRealEstateSG #islandlife #sgrealestate #sghomes #realestate #dreamhome #realtor #property #realestateagents #realstate #realestateinvestor #lifestyle #propertyagent #singapore #singaporelife #property #realestateagents #realstate #realestateinvestor #lifestyle #propertyagent #marcusluah #keepitrealestatesg
Good video. Years ago when I bought my second property, I must make sure I have the minimum sum in my special account which I dun. In the end, I have to top up my special account. If I dun have the minimum sum, CPF will lock up the short fall in my ordinary account and I can't utilize that amount for property purchase. I am not sure if this is still the same. Luckily I had buffer cash though this news from CPF almost gave us a shock .😅
I got a question, I am stuck in a limbo. Here is the context, I am 35 same as my wife we earned a combined of $20k p.m conservatively and I have a HDB fully paid $285k used CPF $355k, market I could fetch it for $550k or $600k. Should I upgrade to 2b2b condo for $1.4m or 3b2b $1.8m. My income alone could loan max up to 1.8m, our savings is $50k due to fail biz before hence should I continue staying my current HDB and incur 2.5% CPF accrue interests or move?
it depends on how many people you have in your family. if you are without kids i’ll recommend you consider buying a 2b2b using one name and mostly cash and keep more cpf to earn the interest. meanwhile save up more to use the second name to buy another property, one generating rental income. it’s quite a good motivation to save up and be wise in our daily spending.
We received a DM asking us, 'Should I buy a second property if I already own one in Singapore?' After our last video, we realized we couldn't provide a comprehensive explanation along with all the necessary context. So, here it is!
Please drop your questions in the comment section below if you have any more queries about purchasing property in Singapore. We'd be more than happy to assist you! And don't forget to share and subscribe to our channel!
Resources:
About BSD
marcusluah.com.sg/absd-bsd/
Mortgage Calculator
marcusluah.com.sg/mortgage-loan/
Timestamp:
00:00 Introduction
00:50 Question
01:34 3 Things to take note
02:28 Second Housing Loan To Value
03:24 Initial Outlay for a $2 Million Property
04:35 Total Debt Servicing Ratio
05:49 Additional Buyer Stamp Duty
07:48 Disclaimer
08:10 Should you or not buy a Second Property
08:25 My recommendation
11:25 Ending
For more videos like this, do subscribe to us here!
DM for enquiries - linktr.ee/Keepitrealwithmarcus
Connect us on your socials:
Ask Me Anything here (NGL) - ngl.link/marcusluah
Tiktok - www.tiktok.com/@marcusluahsg/
Instagram - instagram.com/marcusluah/
Facebook - facebook.com/Luahmarcus/
Telegram - t.me/KeepItRealEstateSG
#islandlife #sgrealestate #sghomes #realestate #dreamhome #realtor #property #realestateagents #realstate #realestateinvestor #lifestyle #propertyagent #singapore #singaporelife #property #realestateagents #realstate #realestateinvestor #lifestyle #propertyagent #marcusluah #keepitrealestatesg
Please do a full video on DECOUPLING.
ok will talk to my team
Yes please
Appreciate this videos Marcus. You are a successful agent but you take time to do such videos to keep us all informed
it’s my pleasure :) always happy to provide advice
Thanks for the informative and balanced response to the question!
Our pleasure!
Good video. Years ago when I bought my second property, I must make sure I have the minimum sum in my special account which I dun. In the end, I have to top up my special account. If I dun have the minimum sum, CPF will lock up the short fall in my ordinary account and I can't utilize that amount for property purchase. I am not sure if this is still the same. Luckily I had buffer cash though this news from CPF almost gave us a shock .😅
that’s a good point :)
If you aspire to be in the top 5%, your annual income has to be $278k. It was $241k previously!
25k is 300k yr video is for the top 2% to watch
hi will gladly do other income range, cos the question was from someone of 25k :)
Gave you a like, dude. Just becos you are not irritating like some other agents.
thanks man :)
Can you do a video on commercial property?
any topic in particular?
People with the means don't bother about what is being discussed.
agree and not surprising, most people buy properties for own stay only
nobody wants to pay that much taxes too hence the decoupling strategy..so for this guy, get married then De couple n buy the 2nd property
Great video! Give you a like 👍🏻 Keep it going!
Would love to know the decoupling in details 😊
thanks for the 👍🏼 ok work on it.
Hello, please make a decoupling video with scenarios 🙏
okie sure ✌️✌️
Yes. Decoupling video
okie
Wat is the solution if foreigner wants buy
Pay absd or if you’re married to Singaporean it forms a Singaporean family neucleus, matrimonial home calculated at lower rate.
Another option is to buy non residential properties which will not attract ABSD also.
I got a question, I am stuck in a limbo. Here is the context, I am 35 same as my wife we earned a combined of $20k p.m conservatively and I have a HDB fully paid $285k used CPF $355k, market I could fetch it for $550k or $600k. Should I upgrade to 2b2b condo for $1.4m or 3b2b $1.8m. My income alone could loan max up to 1.8m, our savings is $50k due to fail biz before hence should I continue staying my current HDB and incur 2.5% CPF accrue interests or move?
it depends on how many people you have in your family. if you are without kids i’ll recommend you consider buying a 2b2b using one name and mostly cash and keep more cpf to earn the interest. meanwhile save up more to use the second name to buy another property, one generating rental income. it’s quite a good motivation to save up and be wise in our daily spending.
Please do decoupling content
okie
Nice!
tks!
Tnen wat you showing in CZcams attending the class,
So don’t understand this question.
Can a hdb still be decoupled now?
no cannot since a few years ago
Thanks. How about private condo?
@@KeepItRealEstateSG on a April Fool's Day!😂🤣
❤
Thanks! 🫡