its a great time to consider an upgrade to an EC as there are many upcoming new launches for 2013.
Here's the answers to your queries:
Qn1: Can i only opt in to buy for the EC/Condo after 5 years MOP and thus meaning that i have to stay in my current residences to the projects end date if i am interested in new launches.
Ans1: As you are presently owning a BTO flat, you can only apply for an EC upon fulfilling the 5yrs MOP. However, if you are close to completing your mandatory MOP, do feel free to give us a call to discuss further.
Qn2: will i be paying for the 3% ABSD?
Ans2: No, ABSD will not be applicable for all EC purchases.
However, the standard stamp duty of 3% of purchase price minus $5400 is still applicable.
Qn3: what is the downpayment /LTV applied to this senario. I.e. 20/80 or 50/50.
Ans3: 20/80; subject to banks' assessment and income.
Do feel free to contact us for more EC info or clarification.