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Morning Mr. S,

You need to work out on the financing and ensure you have sufficient to service the inital 5% downpayment. You also need to know when is the possible TOP date to ensure that you have sufficient to cover the balance of 5%, if you are using HDB loan. As for the mortgage assessment, I would say HDB will do it for you. Plan your selling in accordance to the key collection, if you do not have enough to pay for both properties after key collection.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Mr S,

You are a risk taker!

Not knowing the procedures before you act is dangerous as you maybe liable to pay certain penalties if you are unable to fork out the initial payments like what Mike has mentioned, unless you are fine with selling your existing property and go on rental almost immediately.

If you need any assistance, let us know 1st and we can provide proper advise instead of acting without knowing.

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

You can only own either unit. www.catherinepang.com Read More