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1 Moulmein Rise HDB Questions

Asked by Ayim 20 Oct 2011

I'm staying in a 3 rm in JE, intend to get a 31/2rm after MOP, do i still qualify for a HDB loan?

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Mike Lim · Answer 1 · 2011-10-20T21:48:25+08:00

Mike Lim

Replied 20 Oct 2011

Evening,

If the current 3 room flat is your first HDB loan, you can apply for another HDB loan. But you need to note that you need to fulfill the minimum income requirement and you need to put 50% of profit from your current unit, into your new unit and all the current CPF OA, before HDB will borrow you the balance.

FYI
Mike Lim
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