Happy lunar new year to you, buyer!
As long as your household has at least one Singaporean and you have fulfilled your minimum occupation period, you are eligible to purchase a private property and hold on to your HDB for your parent's occupation.
By the way, do bear in mind that you will be subject to cooling measures for your second property purchase.
1) 7% additional buyer's stamp duty
2) restricted to 50% loan if you still have outstanding housing loan
3) if you utilised CPF OA funds in current flat, you have to keep half of minimum sum ($80.5k) in your CPF OA + SA first before you can use the excess
Hope my explanation helps!
How can I value add further in your purchase?
Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
BEstate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
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