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Currently living in a HDB 4rm flat and paid off its outstanding loan. Would like to keep current 4rm unit and looking for a Terrence house at D25-28 area. Able to fork out cash of $400K, household income of $220K annum and preferably would like to take 80% loan. So will it be possible to purchase said property with estimated value of $1.6M at D25-28 area? The rest details will be discussed further..
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1 Answer

Mike Lim
Replied
Afternoon Ohnmar,

Firstly, there are terrace unit within D25 to 28 that are within your budget though the choices are limited.
Secodly, you are allowed to keep your HDB unit if you have fulfilled the MOP.
Thridly, with the cash capital you have at hand, you have sufficient to settle the 20% downpayment, assuming that you are not using your CPF at all. This is however dependent on how much the bank is willing to disperse to you based on your income status and creit record.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
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