Good morning buyer,
According to HDB regulation, you have to sell off your private property within 6 months from resale HDB completion thus it will be advisable to sell off your condo instead of your HDB. In this way, you can still purchase another condo that's within amenities and hold on to your HDB at the same time.
If you choose to purchase a private property,
your initial outlay will be as such (provided you can obtain 80% loan):
1) 5% cash downpayment
2) 15% CPF OA/ cash downpayment
3) estimated 3% buyer's stamp duty
4) additional buyer's stamp of 7% as SC
5) legal fees
6) stamp duty for mortgage
Hope my explanation helps!
If you need any assistance or advice in your property needs, feel free to contact me. Cheers!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg
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