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I currently live in an HDB. I'm also servicing a bank loan which is deducted every month from my CPF (about 70% of my cpf. I have some extra money and would like to buy another HDB to rent out. Is this possible? what are the financing options/conditions do I potentially need to fulfill. Thanks.
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2 Answers

Afternoon Richard,

All buyers that fulfill HDB ownership requirements are only entitled to one HDB property. Hence your intention to get another HDB unit without selling your current unit is not feasible.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Richard,

It is impossible to do so as mentioned by my fellow professional Mike. How about considering to purchase small offices for rental? You may wish to speak to a banker to work out on your financial portfolio before deciding how you should go about fulfilling your investment plan.

Let me know if you need my assistance in arranging for bankers to talk to you.

Regards,

Geryl LIM
Senior District Manager
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
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