2 Answers

Soh Huan Yao (Stanley)
Basic rule is that if you have existing housing loan you are eligible for up to 60% bank loan( subject to approval). Which means you have to pay 10% in deposit( cash) 30% in Cpf or cash. Stamp duty is calculated as (3% of sale price - $5400).
Pls email me with more details so as to advice you better.
Or if possible meet for a 1 to 1 discussion. No obligation.
Stanley Soh
Cea Reg :R012218E
Hp: 93270274
Email :Huanyao27@yahoo.com.sg Read More


Geryl Lim
Hi Jenny,

General regulation is that you are only eligible for up to 60% loan to valuation since you have an outstanding housing loan, of which 10% is made payable by cash and remainder 30% in either CPF and/or cash.

Stamp duty calculation based on purchase price you have quoted is $5400 (for first $360,000 of purchase price) and $15,600 (for balance $520,000). If you are taking up a bank loan, you may wish to check if the bank is able to provide any subsidy.

Do you intend to purchase a brand new unit or resale unit as timing is critical in terms of buying a resale condo and selling your HDB due to the different timeline required for completion.

You may wish to contact me through my email or mobile for further discussion with no obligations.

Wishing you a prosperous lunar new year ahead!

Geryl LIM
CEA Reg No R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More