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Hi Apple,

HDB flat can't be pledged as collateral for cash loan. Given that you have no outstanding mortgage loan, you could loan up to 80% for your private property.

Assume you are looking at a $600K apartment, you will need to have min $30K cash and $90K CPF + approx $13K (cash or CPF) for stamp duty.

Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobile/WhatsApp: 90015060 
Email: jeron.lee@jllassoc.com Read More

Afternoon Apple,

Under the current ruling, you are eligible to purchase your 2nd property as you have fulfilled your MOP. However, you are not able to pledge your HDB to Bank as a collateral.
You are eligible to get 80% loan from bank for purchase of your 2nd property. Assuming you are using your $80k for the 15%, you should be able to purchase property of around $550k. You need to consider how much cash you need for the 5% downpayment and stamp and legal fee. And the loan amount is dependent on both your income status and credit record.

FYI
Mike Lim
 96929209 
ERA Read More

Dear Apple,

If I can be any assistance to you to achieve your goals, please kindly contact me.

I look forward to hear from you soon

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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Shalom

Bless n Warm Regards

Koh Z H
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