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Hi,

Assume the HDB loan is paid down fully, and you fulfil MOP of 5 years, you can purchase a 2nd property. You need to be an SC to keep both HDB and condo.

The property loan for 2nd property is 80% max bank loan since you have no outstanding loan anymore, but however 7% ABSD applies, and there are also CPF restrictions on how much OA you can use for 2nd property.

Thanks and may I understand your housing plans further before further value-adding?

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

Hi,
Please feel free to contact me at 96659926  for greater clarity on your doubts and for me to fully understand your requirements to guide you.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

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Good evening Geri,

Great hearing from you!

You will be eligible to purchase a private property as long as you fulfill the applicable minimum occupation period.

First, I will advise you to check with HDB whether can your husband solely finance the mortgage by himself.

Secondly, you can hold on to your HDB and purchase a private property provided your household has at least 1 Singapore Citizen.

Do take note that you will be subject to additional buyer's stamp duty based on your residency status. SC: 7% while SPR: 10%.

Let's say if you doesn't have any outstanding loan, your downpayment will be 20% not 40% if you can obtain a 80% bank loan.

Hope my explanation helps!

Maybe you can share more information about your situation so I can advise or assist further.

Hear from you soon!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More

Evening Geri,

Based on your statement, the current mortgage have being approved under both names. Unless the mortgage have being cleared, it would be likely that your upcoming mortgage will be at max of 50%.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Geri,
Yes, possible to apply through hdb. You can purchase a private property after you are cleared. Please drop me an email for me to share more details.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More