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Asked by Desmond Lim 10 Nov 2010

I own a hdb now. I plan to buy a new condo. I have to sell my hdb when the new condo TOP. With the new measure, is this going to change ?
Or status quo ? How do I own both hdb and condo ?

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J.A. Goh 吴永益 · Answer 1 · 2010-11-10T16:07:10+08:00

J.A. Goh 吴永益

Replied 10 Nov 2010

Hi Desmond,

You still can own both HDB and Condo. As long as you have fulfill your 5 years MOP for the HDB, you are free to purchase a condo. You need not sell your HDB. You may apply to HDB to rent out your HDB.

The only issue when you buy your 2nd property is bank will only give you 70% loan, if you still have outstanding loan for your HDB. If you have cleared your HDB loan, then bank will offer you 80% loan.

Please feel free to drop me an email or call me directly for further discussion.

Thank you & Best Regards
J.A.Goh
ERA Marketing Director
HP: 9639 0350
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More