Asked by JL
I purchased my current flat on 1 Mar 2009. Am I correct to say I am now eligible to purchase a private property since I have passed my MOP of 2.5 years? (since resale application was before 5 Mar 2010)
I also intend to keep my current flat thereafter. If I pay down fully my existing HDB loans, I will be eligible for 80% loan on my new purchase?
Finally, I understand if I were to move out of my dwelling HDB for whatever reasons in future, I will become a de facto private property owner, and be subjected to sell my private property within 6 months of acquiring my new flat? I have some other considerations, but may I know what are the usual cons or downside of having such an arrangement? i.e. staying in HDB and renting out a condo
I also intend to keep my current flat thereafter. If I pay down fully my existing HDB loans, I will be eligible for 80% loan on my new purchase?
Finally, I understand if I were to move out of my dwelling HDB for whatever reasons in future, I will become a de facto private property owner, and be subjected to sell my private property within 6 months of acquiring my new flat? I have some other considerations, but may I know what are the usual cons or downside of having such an arrangement? i.e. staying in HDB and renting out a condo
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I am looking to purchase a resale condo instead, rather than a new BTO unit.