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Hi,

If i own a HDB currently what kind of house can i buy as a 2nd house? Private only or am i eligible for EC?

Is there any downpayment required for an EC?

What if my HDB is not fully paid and i am unable to folk out the 50% as i understand that banks only give a mximum loan of 50% if your current housing is not fully paid for. Is there any other way to go about this?? i.e take out a personal loan to pay up the balance 50%.

I took out a loan from HDB for my current housing.

Thank you.
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1 Answer

YT Tan (陈永达)
Hi,

If you want to own two properties at the same time, it will be private properties or resale EC.

Downpayment for resale EC will be as the same as private properties.

As for your case, it will be 50% downpayment (25% cash 25% CPF) because you will have outstanding loan.

If you want to take up a max 80% loan, you must clear your outstanding loan (advisable to sell off your current unit)

Hope it helps!

Cheers!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
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