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I have stayed in my hdb flat for 7 yrs. This is my 2nd time hdb loan grant
I would like to purchase a private condo for investment purposes.
-will hdb take back my flat?
-will I still be able to purchase new flat from hdb?
My 1st flat is resales market & my current one is from hdb

Thank you
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2 Answers

Mike Lim
Replied
Evening Mrs. Foo,

As per your statement, your current HDB unit is your second HDB unit. You have also used up both HDB Loan entitlement and Housing Grant. You have also fulfilled your MOP.
With these in mind, you are eligible to purchase a private property, with a maximum possible loan of 60%. You are also allowed to keep your HDB unit, even after the purchase. As you have used the grant and purchase a new HDB unit, it's quite unlikely that you will be able get another new HDB unit.

FYI
Mike Lim
 96929209 
ERA Read More
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Kelvin Ng
Replied
Hi Mrs Foo,

Due to government ruling,you cannot own 2 HDB at the same time.

There is , however no issues with you getting a private condo for investment purposes.

Do contact me at 9386-0900  and we can take this discussion further as i have some units that are selling with good rental yield that i can recommend pertaining to investment criteria.

thanks!

Kelvin Ng
 9386-0900  Read More
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