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Hi Mike,

You have $100k cash, and basing on that alone, for 20% downpayment, is equivalent of purchase price of $500k, but how much CPF are you able to utilise for this 2nd purchase and have you approached any banks to do an AIP to know the amount of loan you can take? These are pre-requisites to plan out a purchase of private property without overstretching your cash.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More