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I've an existing hdb ea and am looking to buy an EC.
Have enough cash for 5% downpay and enough funds in cpf for 15%. But understand that I can only get a 60% loan from the bank as I've an existing loan for current flat. Must i sell my hdb first as i'm hoping to continue staying in my hdb? Or is there any other way to solve the problem?
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3 Answers

Hi Jusme,

There is deferment payment scheme for New EC buyer which is cater for upgrader like you.

Please do contact me for further discussion.

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Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
www.sgRippleBay.com
www.sgBartleyResidences.com
www.sgSkyHabitat.com
www.myBedokResidences.com
ERA Read More
1
Morning,

As per your statement, you are considering staying in your current HDB unit hence new EC is out of your option. Within 6 months from getting the key for your new EC, you are required to sell away your HDB.

To fulfill your intention of getting an EC, you can choose to clear your existing mortgage loan and wait out before you come into the market again or get an hefty personal loan to cover your short fall, which can undermine your credit status.

FYI
Mike Lim
 96929209 
ERA Read More
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Hi Jusme;

You do not have to sell away your current HDB at this moment as there is Deferred Payment Scheme available for purchasing of brand new EC.You are only required to pay 5% + 15% downpayment and the balance upon TOP*(terms and conditions apply).I have a few brand new EC direct from developer's sales.Please feel free to contact me for more info.Thank you

Regards;
Lyna Song
 9623-8442 
lynasong@hotmail.com
www.lynasong.com Read More
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