I am thinking to buy a private property (for investment) OR an EC for self stay, but our CPF is less than <100K which is not enough for the 20% down payment. Is there any way to get the extra cash from the existing HDB flat to finance the second property?
HDB cannot be used for capital refinancing i.e. getting cash out of your property. That's why we advised client not to fully paid up the HDB if they have a choice.
If you want to upgrade, the only way besides saving accumulation is to cash out of your HDB and so a contra deal (sell HDB, buy condo).
Do call me at (65)-9745-5178 or email firstname.lastname@example.org if I can assist you in your buying / selling.
Thks & regards,
Mike Tay (郑树荣)
B.Sc. (NUS), EMBA (SUNY)
M: +65 97455178
HSR International Realtors Pte Ltd
Estate Agent Reg No: L3002226G Read More