Good evening buyer,
In order to be eligible to purchase a private property and keep existing HDB, your household must have at least one Singaporean and fulfilled minimum occupation period.
Do take that you are only eligible to take up to 50% bank loan as you have an outstanding loan. Max loan tenure is 30 years or up to retirement age of 65 years old.
In addition, if you have utilised CPF OA funds in your current HDB, you have to keep a minimum sum before you can use the excess in the second property purchase.
If you are a Singaporean, you will be subject to 7% additional buyer' stamp duty which means your initial outlay will be 60% (50% downpayment and estimated 3% buyer's stamp duty as well).
Your budget should be around $750k.
If you decide to fully pay off your HDB, you will be able to loan up to 80%. Your budget will increase up to $1m.
Hope my explanation helps!
If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg
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