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Hi Elaine,

You are not allowed to buy a condo at the moment. Your resale HDB will MOP in 23 Aug 2013 to be exact so from 24 August 2013 onwards then you will be able to purchase a private property.

Just FYI, with an outstanding housing loan, one is only allowed to loan up to 60% of the purchase price/ valuation.

I hope I have answered your query. If you need any more assistance, feel free to contact me.

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E: yt.lovelyhomes@gmail.com Read More

Evening Elaine,

The required MOP on your purchase is 3 years thus you are currently not eligible to purchase your second property.

After you have fulfilled your MOP, you can obtain 60% loan depending on your income and credit status.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Elaine

Good day to you.

As explained by the other gurus to address your question, you have to satisfy the required MOP (Minimun Occupation Period).

Instead of putting off your plans to own your dream condo or losing some opportunities in investing in properties, How about investing in some affordable commercial properties that has potential good rental yields?

Do contact me at 97690125  for a non-obligation discussion.

Thanks & with warmest regards

Ethan Ang
 9769 0125 
C&H Properties Pte Ltd Read More