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I currently own a place and have an existing home loan. I would like to purchase a 2nd private property. Can you advise if the 40% cash deposit still applies if it a resale property? Or does it only apply to new properties?
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2 Answers

Mike Lim
Replied
Afternoon Lina,

Under the current ruling, anyone who want to buy a second property, with existing housing loan, will only get a maximum of 60% loan.
Of which, 10% must be cash, and the remaining 30% in CPF or cash, or mixture of both.

FYI
Mike Lim
 96929209 
ERA
CEA No: R026708F Read More
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Koh Zhen Hon
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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