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Hi, I am a SC,currently staying in HDB without any home loan. Thinking of upgrading to a condo without selling my HDB. Will like to know how has the lastest cooling measures affected me. Am I consider a second time buyers? Thanks PC.
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1 Answer

Mike Lim
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Afternoon,

As you are holding onto one property, you are liable for ABSD of 7%, on top of the 3% stadard BSD. But you are stillliable for 80% loan as your first mortgage gave being cleared out, if you loan period do not exceed 35 years of 65 year of age.

FYI
Mike Lim
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