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my annual income 60K ++ and i own a 3-1/2 room HDB flat at amk ave 3. what private property am i qualified? no EC please. min must 2 bedroom and 2 toilet. please advise still outstanding about 100K HDB loan. Thanks
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2 Answers

Hi,

Have your met your MOP of 5 years? If so, you are eligible for private property. However, since you have an outstanding hdb loan, your 2nd loan will only be up to a maximum of 50%.

Depending on your financials, we can perhaps consider new launches where there are discounts ongoing. Thanks and hope to discuss further.

Warm regards
Ivan ERA
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Hi Mr Ng,

Firstly to take note that- an outstanding loan wiill affect the loan quantum of your purchase. You will be able to loan up to 50%.
I suggest to catch up via mobile or a personal one to one session for me to run you through your financial calcualtions ; and loan assessment before we go into which private property you can consider. We also need to speak more on your exact requirements and consider ABSD liable. This is a far more effective manner in which it is systematic. You may need a professional to run you through the key aspects and render advise to ease up your understanding.

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ERA Associate Division Director
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