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Dear Guru,

I am looking to buy a $850k private unit for which the expected TOP is in 1 year's time. I currently hold a HDB flat in central west value at $400k. I still have an outstanding HDB loan of $68k. I am able to fork out the 5% deposit and 3% stamp duty for the private unit. For the balance 15%, I have to sell of my HDB first. However, the private TOP is only in 1year time, I am not able to sell my HDB now as I need a place to stay. Do any banks provide loan for the 15% deposit till the sales of my HDB 1 year later?
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2 Answers

Choo Jia Ming
Replied
Dear Andrew,

Prehaps, we can discuss how much cash proceeds that you will receive after selling your current house and possible options for the next stay till your project in mind has TOP.

I look forward to hear from you soon

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More
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Kelvin Ng
Replied
Hi Andrew, there are more concerns than the 15% that you have to look at. There is the bank loan also, whereby since you are holding on to a property loan, the banks can only support you up to 60% of your property purchase.

D you have the funds to tide you through until you sell your hdb?

Do call me at 9386-0900  to have a more in-depth discussion.

Kelvin Ng Read More
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