Yes, you can buy your 2nd condo, but since you still have outstanding loan, bank will only loan you 60% for your next property.
If assuming your next investment property is a 1-BR unit at $500K, bank only loan you $300K. Your min. cash upfront must be 10%, $50K. The other 30% from your CPF or Cash or combined.
So looking at your est. cash amt of only $70K, you have to go for Studio or 1-BR unit as investment.
Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss
at your convenient time and place.
Thank you & Best Regards
HP: 9639 0350
ERA Senior Marketing Director
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