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Evening Priya,

if you have a valid and signed HDB OTP (sell your HDB first), you should be able to obtain up to 80% bank loan provided the loan tenure does not exceed retirement age of 65 years old.

There will not be any seller's stamp duty applicable but for your private property purchase, the buyer's stamp duty will be (3% of purchase price -$5,400) because it will be considered to be your only residential property in Singapore.

But if you choose to buy a private property first, you can obtain a up to 80% housing loan provided you have a fully paid HDB flat and you will be subject to additional buyer's stamp duty of 3% on top of the usual 3% - $5,400 because it will be considered as your 2nd residential property in Singapore.

Priya, if you choose to sell first, you have to consider to where will be your temporary accommodation (eg. relatives' place or short term rental)

Feel free to contact me if you need any assistance.

Happy 2013!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More

Evening Priya,

You are looking at upgrading from HDB to condo. Firstly, looking into how much cash profit and CPF return you will get. Secondly, have your IPA assessed. Lastly, look into the property type which you are interested in and match it with the budget that you have at hand.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Priya,

On top of what Mike and YT has mentioned, do bear in mind that it takes a longer time for the entire process to complete for HDB from the point of exchange of Option To Purchase in general therefore you need to engage a salesperson who is experienced enough to work out the transactions, as the return of your CPF monies require about 2-3 weeks to be done before you can utilize for the purchase.

Regards,
Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ http://www.dag.com.sg/
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
**Aspiring to be your preferred partner in real estate** Read More