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Hi,

i am currently paying for a HDB unit for the last 5 years and now, i am able to pay off the remaining loan in full (if i want to).

i wish to buy a 2nd private property (PP) as an investment.

with the law now stating that i can borrow only 60% for the 2nd PP if i have an existing loan, please advise whether i should proceed to pay off my current HDB and start sourcing for the 2nd PP.

Thanks.
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1 Answer

William Koh
Replied
Hi Derrick,

You may have to plan your financial carefully, as after you have pay off your current mortgage, do you have sufficient amount in your CPF/Cash to purchase the 2nd property.

If you need any help, feel free to contact me as I can get a banker to assist you on this.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
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