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Anyone can tell me, currently I am staying at 4room BTO hdb flat at Punngol with more than 4 years and directly bought from Hdb. The loan fully settled. Is it I am elgible buy private property like Condo or Shops/office/factory. Can I get how much maximum % bank loan for my next purchase! Regards from Kamal
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3 Answers

YT Tan (陈永达)
Replied
Hi Kamal,

Once your HDB flat has MOP (5years), you are eligible to purchase condos and the maximum loan you can obtain from banks will be 80% if you dont have any outstanding loan.

If you are interested in purchasing other types of properties, I can ask my bankers to contact you to check the amount of loan you can obtain. (In principle approval)

Regards,
YT Tan
ECG Property
 9111 5171 
yt.lovelyhomes@gmail.com Read More
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Mike Lim
Replied
Evening Kampala

As you have purchased BTO unit from HDB, it's a requirement to fulfill the 5 years MOP before your can purchase any private property. Without existing mortgage loan, you can get 80% loan from bank for the purchase.

FYI
Mike Lim
 96929209 
ERA, Read More
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Geryl Lim
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Hi Kamal,

You'll need to hold off your purchase by slightly less than a year due to MOP restriction and I'm sure you'll have a better picture of the whole market by then to make a better decision to purchase.

Do let me know how I may assist you further.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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