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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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3 Answers

Hong Hazel
Replied
Hi, the condo will not be considered as a 2nd property for you if you pay off the 75K outstanding loan for your flat before buying the condo.
And yes, CPF can be used to pay your monthly instalments. Read More
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Tricia Tan
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Hi, you will only be entitled to 70% loan if u buy now.only after completion of your HDB then you will be entitled to 70%. Feel free to contact me regarding your queries.
Will be glad to assist.
Ms Tan
 92700867  Read More
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Samuel Ngiam Thong Yeap
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Hi Zhangfei, we are marketing a new launch in Canberra Drive near Sembawang MRT & Sembawang Park, the showflat preview is anticipated this weekend or early next week. Lowrise resort-style greenery-focus condo - direct from the developer. If you are keen to take a look, please email me at llishan@hotmail.com for the floor plans or more details. I can also be contacted at 98512860  .

Regards,
Louise
CB Richard Ellis
Developer Sales Team Read More
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