Asked by win kyaw
I am PR and own HDB 4 rooms flat in july 2008 ,Now I would like to buy private property and can stay at that new house ?
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1 Answer
Afternoon,
Buying resale HDB unit in 2008' with bank loan, your MOP is only 1 year. You are definitely eligible to purchase private property. Do note a few pointers as stated:
You will only get 60% loan for upcoming property, if your current HDB is still on mortgage.
You will be liable for Additional Buyer Stamp Duty of 3%.
You are liable to pay for property tax on both properties even though you leave your HDB unit vacant.
If you require to sell your HDB to get financing for the condo, or simply purchase of condo, do give me a call for further discussion.
Regards
Mike Lim
96929209
ERA Read More
Buying resale HDB unit in 2008' with bank loan, your MOP is only 1 year. You are definitely eligible to purchase private property. Do note a few pointers as stated:
You will only get 60% loan for upcoming property, if your current HDB is still on mortgage.
You will be liable for Additional Buyer Stamp Duty of 3%.
You are liable to pay for property tax on both properties even though you leave your HDB unit vacant.
If you require to sell your HDB to get financing for the condo, or simply purchase of condo, do give me a call for further discussion.
Regards
Mike Lim
96929209
ERA Read More