Asked by Hartono
I currently 35 and bought a 4 Room resale in 2003 for abt 220K and I intend to get a private property. However, as still have existing HDB loan abt 121K, can only loan up to 60%. As no such $$, planning to unlock my flat value first abt $490 according to HDB resale website. 1) Is it logical to get a BTO 5 room flat first abt 450K after grant and after 5 years of MOP, then get a private property? This way, after 5 years, I will have no more existing loan and can loan up to 80% from the bank. 2) If I sell my current 4Room resale flat and get a BTO 4Room and after 5 years of MOP buy a private property, Do I need to sell away the HDB then if i buy a private property?
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