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Hi, I have paid up my HDB executive apt recently and is it possible to re-mortgage my exiting property , use the money to purchase another private property for rental purpose to create passive income later?
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1 Answer

Mike Lim
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Afternoon Jo,

I'm afraid not. Under the new ruling, HDB owners are not allowed to use their HDB unit, as collateral, in exchange for monies for other purchases.

FYI
Mike Lim
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