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I was recently informed that there is a requirement to pay up my outstanding HDB loan w HDB or refinance it to a bank loan before i am eligible for a bank loan on my intended 2nd property. Would like to get help on verifying this statement. Thanks.
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2 Answers

Brandon Aw ERA
Replied
Hi,

Any quereies please contact myself @ 8233.23.23

Regards,
Brandon/ ERA Marketing Director
HP: 8233.23.23 Read More
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Peng Robert
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Hi,

The statement is not true.

The only control for 2nd residential property is that, the minimum occupation period must be fullfilled.

From bank loan, you are able to borrow up to 60% for your 2nd property if the first HDB is still under loan.

Welcome to contact me if you have further questions.

Robert Peng 9800 1968 
Robertpeng001@gmail.com
CEA reg No.: R042525J
Huttons Relationship Group Read More
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