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Hi, we have a 4 room hdb leaving about 50k+ loan with hdb, understand that we could get a second property after MOP, to fund a second property, do we need to (1) fully pay the hdb loan, (2) have minimum basic retirement sum, if we do not intend to sell off first property do we need to (3) return the initial cpf amount we took from the cpf ordinary account?
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3 Answers

Hi,

You need not pay up the current loan fully, yes minimum sum requirements need to be fulfilled for purchasers if you wish to keep both hdb and condo. There is no need to return the CPF utilized for HDB

Thanks and may I understand your requirements further so as to value-add to your investment plans?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Evening,

Depending on your financial standing, you can opt to clear your existing loan so that you will be eligible for 80% loan for the second purchase. However, do note that you must be SC in order to be eligible to keep your HDB unit after buying the private property.

Do contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
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