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Hi, I currently own a fully paid-off HDB flat. I have also hit the aggregated cpf minimum sum in my OA & SA accounts. I would like to check if I am to purchase a private ppty (i.e. a 2nd ppty), what is the loan ratio and cash outlay like?
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1 Answer

Mike Lim
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Afternoon Mrs Low,

Since you do not have existing mortgage loan, you should be able to get 80% loan if your income status and credit report is healthy. However, if you are PR, you are required to sell away you HDB unit within 6 months from key collection. As for the cash layout, it would depend on how much loan you can get, your purchase price, how much liquid cash and CPF you have at hand.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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