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Anonymous

06 Feb 2021

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Are there any restrictions if I want to buy a private property to rent out but my new flat still has a MOP of 4 more years?

My spouse and I have a combined income of around 16k. My new flat is only MOP-ing in 4 more years but I have extra cash and wish to buy a private property to rent out, are there any restrictions?

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Zac

06 Feb 2021

Noob at Idiots Invest

On top of what Shaun said, consider your total debt servicing ratio as well. With combined income of 16k, it's unlikely you'll bust 60% but at least be aware of it.

https://www.mas.gov.sg/regulation/explainers/td...

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Wrong Sean

06 Feb 2021

You will need to complete your MOP for your HDB before you can buy a private property.

https://www.hdb.gov.sg/cs/infoweb/residential/l...

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