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I am liking in my 4 room HDB which i bought the HDB unit on year 2006.

Currently, i plan to buy a condo, is my situation is limited by the new rule announced on August (which need to sell my HDB in order to buy private property)?

Need advice.

Regards,
William.
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4 Answers

Johnny Goh Mui Huat
Hi William,

Under the new rule, you don't need to sell your HDB flat if you buy a private property. The rule only affect those private property owner whom want to buy HDB flat.

However, pls take note of your MOP and loan issue.

If you have outstanding loan, bank can only loan up to 70%. You also must take note of your minimum sum in OA, chances are you need to fork out 30% cash for the purchase.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
Dennis Wee Group
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg Read More
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Hi William,

Under the new rulea, you do not have to sell your hdb flat in order to buy a pte property. You just need to fulfill your MOP before you are allow to purchase a pte property.

However, do take note that you will only be approved 70% of the if you have any existing outstanding loan.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com Read More
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If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

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Landon Chew
97 39 60 40
landonchew@email.com Read More
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