Asked by Zhangfei Zheng
Hi, Currently I owned a 4-room HDB flat in Yishun, I still have an outstanding HDB loan about 75k, but we have 96k in our CPF ordinary account, so we can fully pay back all the HDB loan for my flat. Now we would like to look for a Condo for investment. My question is whethere this Condo is still considered as first property for us, that means we still can have 80% bank loan. Second question is whether we can use the balance amount in CPF ordinary account to pay for every month bank loan for the Condo we are buying.
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