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My husband and I are considering to purchase a condo (preferably at launch) as an investment. We already have a HDB flat and have fulfilled the MOP. We have a few queries here.

1. What is the payment schedule like if we buy a condo at launch?

2. Have read that if I still have an outstanding mortgage loan on m HDB, I can only borrow up to 60%. Does this mean I have to fork out 40% right away when I buy the new unit?

3. If I do not have a mortgage loan, what is the percentage that I have to pay for a new unit?


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3 Answers

William Koh
Replied
Hi Jaslyn,

In summary,

1) If you have existing mortgage loan, the max loan amount for next loan will be 60%.
10% - Cash
30% - Cash/CPF

2) If no mortgage loan, then the max will be 80%.
5% - Cash
15% - Cash/CPF

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.ArcAtTampinesEC.com
ERA Read More
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Valerie Tan
Replied
Hi Jaslyn,

I'm with Huttons Asia Pte Ltd. Huttons Asia is the marketing agent for alot of new launches. You can check out my website for new launches: www.acepropertyhub.com.

Currently, I have a few projects that I would like to recommend you. Please call me at 96161915  for a discussion or drop me an email at val_74@yahoo.com

Thanks N Regards
Valerie Tan
CEA reg No.: R007118A Read More
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Landon Chew
Replied
Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

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
97 39 60 40
landonchew@email.com Read More
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