9 Answers


In your scenario, you will need an exercised OTP for your HDB to provide the bank so that your bank loan application for the private property can try for 75% max loan. Without which bank will treat as 2nd loan application where the max LTV is 45%. Furthermore without the exercised OTP for HDB as yet, the ABSD of 20% will also apply first, and it is extra cost upfront.

The best way to do this is to do both sale & purchase concurrently. Another way is to request a longer option period from the private property seller but usually this comes with a trade off of higher option fee like more than 1% and most sellers do not really want to go with this route especially those in demand properties where seller has holding power.

I have helped various hdb homeowners to successfully upgrade and do the same. Look forward to chat more at 97432395  .

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng Realtor
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Hi, yes your loan amount will be affected. While it is not the only option to sell off your HDB first, it is more recommended as you are trying to get a higher loan, which means you do not wish to have a high cash output when purchasing the private property.

When you hold off the selling of the HDB first, the additional cash/cpf output will be as follows
1) Lower Loan amount
2) ABSD of 20% of private property(can be obtained back if sell within 6months, but have to pay first)
3)Additional downpayment of 20% cash (initially 5% to 25%)

I can assist you in planning out your timeline if you reach out to me.

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
landonchew@email.com Read More
Robbie Chen Chee Howe

Your loan amount will be affected if you have another mortgage property loan at the point of exercise for your private property purchase. You will only be able to loan up to 45% of your private purchase if your HDB is still under loan.

Not only that, you will also incur ABSD for your second property purchase, which you will need to pay within 14 days upon exercise the OTP.

Of course, if you really wish to make an offer for your dream home, you can enter into an OTP, but with an extended option period that will allow you ample time to sell off your HDB flat.

As long as you can provide the bank with the exercised OTP of your current HDB flat, they will be able to grant you up to 75% of loan for your private property purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
Hi Sir/Mdm,

It is not advisable to purchase the private property first before your HDB sale because of the high cash outlay. You will only be able to secure 45% of the loan and will also need to pay the 20% Additional Buyer Stamp Duty (ABSD) upfront. In order to claim back the 20% ABSD, you will need to purchase the private property as a matrimonial property ie both you and your spouse have to purchase together. In order to secure the max 75% loan, banks will require you to submit the exercised HDB OTP.

For my clients who are in the same situation as yourself, usually I will time the sale and purchase together so that they can avoid ABSD, minimise their cash outlay and also have some buffer time for renovation. Please feel free to contact me so that I can explain to you in greater details on how to draw up a seamless transition plan for such a upgrade!

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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes your max loan will be affected in this case and so it is advisable that we do the selling as well as the buying of the next property concurrently. Meaning the selling of the existing HDB flat will come with extension so that we could have a comfortable timeline.

Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
Are you a SPR? Otherwise why do you indicate that you have to sell off your HDB within 6 months of purchasing a private property? In such an incident, your loan amount will be affected if you have an existing home loan for your current HDB and on top of that Additional Buyer's Stamp Duty will also be applicable. As to remission of the additional stamp duty, you will need to fulfill the requirements laid out by IRAS in order to apply.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Hi, appreciate your sharing. Due to ABSD, may have to cash out first before able to purchase private. Can share via zoom
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Stewart-PropNex (Senior Associate Division Director) Read More
Selling HDB Flat vs. Simultaneous Purchase of Private Property: Impact on Loan
Here's a breakdown of how selling your HDB flat before buying a private property can affect your loan and finances:

Higher Loan Amount: Selling your HDB first frees up capital, potentially allowing you to qualify for a larger loan on the private property, reducing your upfront cash outlay.
Downsides of Keeping HDB Flat While Buying Private Property:

Lower Loan Amount: Banks might offer a lower loan for the private property since you're still financing the HDB flat.
Additional Buyer's Stamp Duty (ABSD) of 20%: You'll need to pay upfront ABSD on the private property purchase. While refundable if you sell your HDB within 6 months, it's an initial financial burden.
Increased Downpayment: Without selling your HDB, you may need a larger down payment (20% cash) for the private property compared to the usual 5% to 25% range.
Loan-to-Value (LTV) Ratio Restriction: Without a confirmed sale for your HDB via an exercised Option to Purchase (OTP), banks might treat your private property loan as a second loan, limiting the maximum LTV to 45%. This translates to a smaller loan amount.
IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More