AskGuru Q&A Community

Dear K.W

Yes, you are eligible to buy private property after your MOP period and you have fulfilled the MOP period.

You can rent out your HDB (with approval) and stay in the condo. Alternatively, you can cash out your HDB and use the proceed to pay for your condo.

Note, for 2nd mortgage the maximum loan is 60% and initial downpayment 40% of which 10% must be in cash.

Do call me at (65)-9745-5178 or email miketaysoen@gmail.com if I can assist you in your buying / selling / renting or leasing.

Thks & regards,

Mike Tay (郑树荣)

B.Sc. (NUS), EMBA (SUNY)
CEA Reg:R042367C

M: +65 97455178
E: miketaysoen@gmail.com

W: http://www.miketay.myweb.sg
W: http://miketay.irealtor.sg/

HSR International Realtors Pte Ltd
Estate Agent Reg No: L3002226G Read More

Hi Mr. Ng,

Yes, you can buy a private condo, and also keep your HDB, since you have completed the Minimum Occupation Period.

If you have already paid up your HDB loan, you will be able to loan upto 80% for your condo. It would be a good investment if you can afford a condo, keep your HDB and rent out for passive income. I can assist you in looking for your condo.

Please feel free to drop me an email or call me directly for a non-obligation discussion. Alternatively, we can also meet up to discuss at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More