AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
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?
0 •
1110 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

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
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions