Asked by David Chua
I am currently staying in the EC, The Eden at Tampines. I have checked and found that selling price of my unit is in the region of $1 - 1.1mil. I still have 200K loan outstanding. I am looking to upgrade to a freehold landed property at around $2mil. In order to be entitled to the 80% loan, I assumed that I have to sell off my property first before buying? In such a scenario, what are the options I have other than to stay in the streets while I hunt for a house?
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