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Im looking 4ward 2 buy a resale flat.But I have still an outstanding debt(Bank loan) from my previous house.So am I be able 2 buy a flat?

Posted by norshahrul mohd salim on Apr 27, 2008 in General Questions | 912 Views

Latest Answers by Real Estate Professionals (6 Answers)

mahesh daswani
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Answer Posted on Apr 28, 2008
yes, it it is possible for you to buy another flat, either hdb or pte if your income permits u. but if u buy a hdb, u must sell ur other hdb within 6 months.
if u need any help on ur quirees, FOC, call me at 92976245 seth (era). once satisfied then we proceed further.

seth (era)
mdmobile@yahoo.com.sg
92976245
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Sani Faisal
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Answer Posted on Apr 28, 2008
Hi Mr Shahrul,..all of the answer given to u are all correct,..whatever i want to say,have been said...but then,i have a similar case in the past..everything went smoothly...
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Raja Razie
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Answer Posted on Apr 28, 2008
Encik Shahrul, to sell and buy... is possible. The selling price of your house will clear your bank loan... therefore it's possible for you to buy... Call me if u need me to assist... thanks.

Raja Razie
HSR Property Consultant Pte.Ltd.
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Donny Goh
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Answer Posted on Apr 28, 2008
Hi Mr Norshahrul mohd salim,

I believe that you are still entitle to purchase another resale flat in the open market.Do a check with the bank that you still have the outstanding debt. Do you currently own a flat??If yes,mayb you will like to consider selling away your current flat if it is a postive sale,then you may use the cash profit to pay off the debts that you owe to the bank.

Do feel free to give me a call for a non-obligation discussion on this matter.

Best regards,
Donny Goh
Orangetee.com
+65 96801382
donny.goh@orangetee.com
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Whelene Loh
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Answer Posted on Apr 28, 2008
Yes, you can buy but you have to sell your previous house within 6 months. But please get approval before doing that.
Call me if you need any assistant.
Best Regards,
Whelene Loh
Dennis Wee Group
whelene_loh@yahoo.com.sg
+65 8181 3144
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Joseph Ong Chee Chuan
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Answer Posted on Apr 28, 2008
Hi Norshahrul,
Check with t HBD Hub and the Bank before purchase another flat
Joseph
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