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Hi Guru, I like to know whether can I hold on to my >10years HDB(fully paid) while buying a 2nd property? can someone please share with me the details?

eg:
1. To get a bank approval on loan before i shop for a condo?
2. can i stay in the hdb if i own the condo or EC?
3. how much cash upfront that i need to fork out?
4. any combine income ceiling for 2nd property investment?

thanks a lot...
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2 Answers

William Koh
Replied
Hi Vonna,

You definitely can hold on to your HDB flat and buy a Pte property, as you had long fulfilled your MOP of your HDB flat.

Please do contact me for a non-obligation discussion.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.ArcAtTampinesEC.com
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Mike Lim
Replied
Afternoon Vonna,

You can contact a banker to have your Principle of Loan Approval done. This allows you to know how much loan the bank can lend to you.
You are allow to stay in your HDB unit and rent out your condo.
There's no income limit for the purchase. As for how much cash upfront, it would depend on your purchase price, the amount of loan granted to you and how much CPF OA you have left.

DO feel free to contact me for further assistance.

Regards
Mike Lim
 96929209 
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