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Hi, I wish to know if there is anyway to take an 80% bank loan without selling the HDB first. We are looking to upgrade and we will sell the HDB once we find our new home but we do not wish to start selling without being able to find a new home that suits us. What can we do for pple like us that is being sandwiched in between upgrading and staying put? We are not looking for any small condo but one around $2mil. We have enough to cover the 20-30% but not 50% + ABSD. What is the procedure like for us?
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1 Answer

CT Wu 伍志道
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Hi Sir/Mdm, I would be able to refer you to bankers, who would be able to professionally advise you on the financing considerations for upgrading your HDB to a larger condo. Generally, bankers will do a financial checklist list and do an assessment of your total debt servicing ration (TDSR) and also assess whether your cash and cpf is able to finance the purchase of the condo. Let me know if we can meet up to discuss further. Warm Regards CT @ 97565723  Read More
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