Asked by SR
Hi Guru,
I'm a SPR since 2003 and have been in Singapore since 1998. I currently own a HDB and the bank loan remaining is minimal. I Intend to sell this HDB and buy a condo. My questions are
1) Is there any restrictions in renting out the condo that I will be buying within a year should I move out of singapore for work for a couple of years ? My PR is valid till 2017.
2) Will I be entitled to 80% bank loan for this purchase ?
3) If I have to sell the porposed condo that I buy within a year, is it possible ? What is the additional sellers stamp duty that I need to buy ?
Many Thanks,
SR
I'm a SPR since 2003 and have been in Singapore since 1998. I currently own a HDB and the bank loan remaining is minimal. I Intend to sell this HDB and buy a condo. My questions are
1) Is there any restrictions in renting out the condo that I will be buying within a year should I move out of singapore for work for a couple of years ? My PR is valid till 2017.
2) Will I be entitled to 80% bank loan for this purchase ?
3) If I have to sell the porposed condo that I buy within a year, is it possible ? What is the additional sellers stamp duty that I need to buy ?
Many Thanks,
SR
512 views
Thanks for that informative ,
reply. That's really helpful. I will definitely give you a call once I do some ground work at my end.
Best Regards,
SR.