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Afternoon Julian,

Since you do not have any existing mortgage loan, you are eligible for 80% loan. Do remember that you are also to set aside the CPF minimum sum, if you intend to use CPF for the upcoming purchase.

If you are SC, you will be liable for 7% ABSD. However, you are required to fulfill the MOP, based on your key collection date. You can then choose to rent out your HDB, upon getting approval, and stay in the private property. If you are PR, then you are required to sell away your HDB unit, within 6 months from key collection of your private property.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Julian

With regards to your case, you would still be eligible for 80% loan (depending on current age). What really affects you is the buyer stamp duty which you have to pay more if you purchase a 2nd property. Cheers!

Best regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More