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Hi Guru,
I have a question related to HDB house & Private Condo/Apartment.
1.I bought HDB flat in 2001 without HDB grant if i want to buy another EC/Condo/Apartment as investment is that affected by the new HDB rules?Is that my current HDB needs to sell within 6 month or still able kept.
Can i have HDB and Condo together?
2.If i want to buy the new EC is that able to take Grant?If household income >10K?If unable the grant how many percent loan can i take out from bank?If buy condo not EC is that ok?
3.Is that confirm with the HDB ,no MOP requirement can have second property?
4.If i have a private property in other country can i buy EC/ondo in singapore again?or must sales aways other country property first.
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5 Answers

Mike Lim
Replied
Afternoon Sam,

The new ruling only becomes effective after 31st Aug 2010.
Only condo owners who want to buy a HDB flat, need to sell their condo, 6 months from key collection, not applicable for HDB owners who want to buy private property, after MOP.

With your current pay exceeding the income ceiling, you will not be eligible to purchase new HDB unit and also not eligible for grant.
To buy a condo, with an existing HDB loan, bank can only grant a maximum of 60% loan.

As your 3rd question is quite unclear, all I can say is that any HDB owners, who bought theor unit after 31 Aug 2010, have to fulfill the MOP, before they are eligible to purchase a private property.

With your current situation, as you have fulfilled your MOP, then answer would be 'NO'

Do feel free to contact me if you require further assistance.

Mike Lim
 96929209 
ERA Read More
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Leong Mun Leng (Joey)
Replied
Hi Sam,

You are able to buy a condo or apartment and at the same, hold on to your HDB bought in 2001. For this case, the new ruling does not apply to you and MOP is not required if you purchase a private property for investment now. However, should you have any outstanding mortgage loan, you are only able to loan up to 60%.

Should you own any private properties in other countries; you need to dispose all the private properties within 6 months after you purchase a new Executive Condo from HDB.

Currently, I know of a few projects where the developer is coming up with special attractive promotion. If you are not in Singapore, feel free to email me for discussion.

Joey Leong
ERA Realty Network Pte Ltd
CEA Reg No: R026760R
 9475 4751 
joey_leong@singnet.com.sg Read More
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Catherine PANG
Replied
I conduct on line HDB financial calculation and training on selling and buying process for my associates. Call us at 9680 4288  for an opinion www.catherinepang.com Read More
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Able S.K Toh
Replied
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Able S.K Toh
Replied
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can READ my REVIEWS here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

*** DEVELOPER SALES TEAM !!! BEST PRICES !!! NO AGENT FEES !! LOWEST PRICE GUARANTEED !!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST !!! Read More
1
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