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Hi, currently I have a HDB flat. Intend to buy a private condo with my mum as investment. I am turing 34 this year and my mum is turning 54. Basing on the new ruling, can anyone advise me 1) %cash on purchase price 2) %loan I am entitled for the condo 3) no. of years we can loan up to? 4) how much would be the stamp duty or any other ancillary charges in terms of cash or cpf pertaining to the purchase of the condo. thanks
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2 Answers

Geryl Lim
Replied
Hi June,

The first thing I would like to check with you is how long have you been staying in your HDB?

If you are still servicing the loan for your HDB flat, you are only eligible to loan up to 60% of the value on the private property you are interested in.

As for the number of years of loan you maybe eligible for, it is better to be discussed with a professional banker where they will be in a better position to advise you on all financial related issues.

Should you require further assistance, feel free to call me at +65-81577565  or email me at lim.geryl@yahoo.com.sg.

Thank you and have a pleasant week ahead!

Regards,
Geryl LIM
CEA Reg No R014783H
Senior District Consultant / ECG Property Pte Ltd
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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Radhika Prakash
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Hi June,

Would be glad to assist you. Please drop me a mail on realproperty63@yahoo.com.sg

Wish you all the best.

Ria (Radhika)
DTZ Debenham Tie Leung Read More
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