Brand new maximum includes every an excellent bills you have got, including car loans, personal loans and credit card balances
- Pay attention to the qualifications conditions and you will affordability before getting a beneficial next possessions.
- The fresh new recent increase in Most Customer’s Stamp Duty (ABSD) form you’ll need a great deal more cash when buying the second home.
- Purchasing an extra property boasts a great deal more economic obligations; its told as obvious regarding your mission for choosing the second possessions
Which have inflation dominating headlines during the latest days, interest rates are set to rise then on upcoming months. For those who have been planning to get a second assets, this could be a great time first off looking just like the an excellent upsurge in rate of interest could imply stabilisation of possessions cost.
Other than the cost of the home, there are numerous one thing you would need to be mindful of when to get an extra household, for example qualifications, value and you may purpose.
Qualifications
For many who very own an exclusive assets, then you will be able to buy another personal possessions without having any legal implications. However, whether your first house is a community housing, should it be a create-to-Acquisition (BTO) apartment, resale HDB flat, manager condominium (EC), or Design, Generate and sell Strategy (DBSS) flats, then you’ll definitely need complete particular conditions ahead of your purchase.더 보기 »Brand new maximum includes every an excellent bills you have got, including car loans, personal loans and credit card balances