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Hi to all gurus, I would like to enquire if i am eligible for an EC and if so what would be an estimated cash outlay to get a new launch EC or 1 from the open market with following info. Currently staying in HDB 4rm (valuation $550k, 1st HDB bought from resale market with grants) Still servicing home mortgage loan with balance of $230k remaining Husband & wife 1 SC & 1 PR Both Age 34 Combined household income of $7,200 If possible i would like to keep my current HDB flat Thank you for the kind advices!
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2 Answers

Gary Chang
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Hi We would first need you discuss with a banker then assess your options of getting a condo without letting go your HDB. Pls call 81883186  Gary Chang Read More
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Yian Tay
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If you hold on to your current HDB Flat, you may not purchase a New EC, but will be able to purchase a resale one instead. But do note that with the latest measures you should be looking at a 50% Loan to Value (LTV), so if you keep your current HDB Flat, it will create a huge obstacle to purchasing a new unit. I will be able to calculate your Total Debt Servicing Ratio or TDSR for you if you wish, just as a guide, but I will need more information from you. TDSR will look at other expenses like Car Loan, Personal Loan, or Credit Card Debt. I can discuss further in private for you, no obligations, so you are clear about your options. Cheers, Yian Tay Associate Team Director Powerful Negotiators Propnex Realty Pte Ltd R027190C Mobile: 82884499  Read More
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