AskGuru Q&A Community

Good evening Lynn, do you mind sharing with me whether do your household meet these few requirements? 1) At least of you is Singapore citizen. 2) Have you fulfill your MOP of your HDB? Let's say one of you is a SC and you have fulfilled 5 years MOP, you will be eligible to hold on to your HDB and purchase a private property. If you don't have any outstanding loan, you will be eligible to take up 80% bank loan (but this will still be subjected to total debt servicing ratio (TDSR). Do take note that you will be subject to additional buyer's stamp duty (ABSD) for your second property purchase as well. Last of all, you are able to use your excess CPF OA funds provided you have kept aside a minimum of $74k in your CPF OA+SA accounts (FYI minimum sum will increase every July). Hope my explanation helps. If you need any assistance in your property purchase, feel free to contact me. Cheers! YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More

Dear Lynn, YT has given a pretty comprehensive answer to your questions. If I have options where you are able to start your investment now, would you like to explore? Or is your intention to purchase a condo for own occupation while you rent out your HDB? Visit and Like my facebook page at https://www.facebook.com/propertyblogshop Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com M.O.R.E Landed Dynamic Alliance Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Our next exhibition is on 2nd and 3rd August 2014. If you have missed out successful exhibition on 10th and 11th May, do not miss this opportunity again. Register your interest to attend this showcase event now! Read More

Hi Lynn, once you have cleared your existing HDB loan with no other property loans, you will eligible for up to 80% bank loan subject to banks' loan assessment then. Yes, you can use CPF to pay for your new private property subject to fulfilling certain criterias on minimum sum. Thank you and hope to be of service to you in the near future. Andrew Ngauw 8188 8887  andrew.ngauw@gps.com.sg GPS Alliance Pte Ltd Read More