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Good afternoon! To be eligible to purchase a private property as a HDB flat owner, you must first fulfill the applicable minimum occupation period. Have you do so? Do bear in mind, you will be subject to additional buyer's stamp duty for your second residential property purchase if you decide to hold on to your HDB. 7% ASBD as a SC. You have to sell off your HDB if you are a SPR household. Without any outstanding housing loan, you will be eligible to loan up to 80% (max loan tenure of 30years or up to retirement age of 65 years old). Downpayment wil be as such: 1) 5% cash downpayment 2) 15% CPF or cash (If you have utilized CPF in your current flat, you must keep a minimum sum of $73.4k (OA + SA) before you can use the excess for this purchase. Hope it helps! If you need any assistance in your property purchase, feel free to contact me. Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

Afternoon, Having fully paid for your HDB does not entitle you the eligibility to purchase your second property. You will be required to fulfill the MOP. Without existing loan, you will be eligible for 80% loan. However, to utilize your CPF OA, you will be required to set aside the CPF minimum sum of $72k. With this in mind, how much cash you need will depend on how much loan you can get and how much CPF OA is available. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

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