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I own a BTO HDB Flat with my husband and we have fulfilled the 5Yr MOP. However we still have outstanding bank loan. Without selling the HDB, can we buy a Condo with 20% DP and 80% bank loan? what is the Stamp Duties we have to pay? Any other costs?
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2 Answers

Victor Khoo
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With the new cooling measures, you can buy a condo but loan only up to 50%.

Normal Stamp duty (3% -$5400) applied, on top of that, ABSD 7% on purchase price. Read More
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Aaron Chong
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Hi Belle

Yes, no problem for you buying a private unit once you have fulfilled the MOP. However, as you already have an existing loan, you will not be able to get up to 80% for your next loan. Pls feel free to let me know should you need any assistance. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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