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Hi i am a serious buyer n i am thinking of buying a ec at either punggol or sengkang once my hdp mop ends at july 2017. I will be selling off my hdb. I gt some qns. Once i sold off my hdb, can i use the entire OA to purchase the ec? Do i have to maintain the min sum in OA? If i can use all $$ in OA, the est OA sum after selling off plus interest is approx $170,000. I can fork out cash $100,000 and 2 years from now, estimated income is $7300. What would be the est amount of bank loan if i am 32 years old now n wife not working? What price ec should i be looking at given the 30% msr?
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3 Answers

Hi David, you could only start to purchase the EC once your MOP ends in the year 2017. Yes you could used most of the cpf savings for the purchase and do not need to maintain min cpf sum as the EC unit is consider your 1st property once your current HDB unit is sold.

Regards
Aaron
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Hi,

You can only purchase EC after MOP ends at July 2017. Once you sold your HDB, yes you can use your OA fully to fund the EC purchase. Thanks and hope to assist with your EC purchase plans when the time nears..

Warm regards
Ivan ERA
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Hi David,

It is still premature to make plans for now, since we are speculating that GE is coming and who knows if there will be wholesale changes to the market regulations or perhaps they may even stop the EC supply line?

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