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Hello I am a Singaporean, switching from a 4BR to two 2BR condo. If I buy the first 2BR before selling the 4BR, and then the second 2BR afterwards. How much downpayment do I have to budget for the second 2BR?
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1 Answer

Mike Lim
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Morning,

If you purchase the 1st 2BR, before selling your 4BR, you can only get maximum of 60% loan, if your 4BR is still under mortgage loan.
Keeping your 4BR and 2BR and purchasing the another 2BR, the loan quantum would be decided by the bank, depending on your financial ability.
But if you sell your 4BR to purchase your 2nd 2BR, you can get 60% loan.
As to how much that will be, it would depend on which location you choose and size of the 2BR you had your eyes on.

FYI
Mike Lim
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