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Hi,

May I know which location you are considering? Freehold projects are limited to certain location clusters, and each cluster commands different price range.

If you sell your HDB and fund your condo purchase with the sales proceeds, you definitely have more options to choose from and should have no issues upgrading.

Should you wish to keep both your HDB and a freehold condo, it is better you pay down the outstanding hdb loan first so your next loan can stretch to a maximum 80% of purchase price. Based on the limited info you have provided, you should be able to loan up till roughly about 750K-800K, subject to bank assessment of risk factors such as age, income and credit profile,
and TDSR requirements.

Also buying a 2nd property for a SC means a 7% ABSD on the purchase, and restrictions on the CPF usage.

May I know what kind of downpayment range do you prefer to work with? (how much cash + cpf?) This will enable me to give you an illustration of the possible freehold housing options you can seek to explore. I will be glad to meet you to discuss further. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi Mr Manser,
For the LTV, suggest to clear your hdb loan so you could take up to 80% loan of the new purchase. Next is the TDSR, the monthly serving not to exceed 60% of the total debt serving.
I can work out the details estimated financial calculation with more information required. We can discuss via email.

I am reachable at my mobile or email.

CK Ang
 9046 3808  Read More