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Morning,

If you are SC HDB owner, you will be eligible to proceed with purchase of your second property upon fulfilling MOP. As for 80% loan, you will need to clear of the current loan before you can proceed.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

Firstly you must have met MOP of 5 years, and must be SC household to be able to purchase and hold both HDB and condo. For SPR household, you need to sell away your HDB within 6 months after key collection to condo.

To qualify for 80% loan, you need to fully pay up the outstanding loan for HDB, or sell the HDB first before buying (but is that your objective..?)

Whether to put 1 or 2 names in depends on your income, credit and age profile. Perhaps we can discuss further on how best to approach this to achieve your property objectives? Thanks and hope to understand your requirements and value-add further.

Warm Regards,
Ivan Ng
Proactive. Sincerity. Feedback.
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon investor,

Do take note that you have to fulfill MOP first before you are eligible to purchase a private property. One of you must be at least a Singaporean to hold on to current HDB if you are a SPR household, you will have to sell your HDB within 6 months from purchase's completion date.

Let me assume you are a SC. Maybe you can share with me how much finances (CPF OA funds + cash) do you have on hand so I can advise you whether is it possible to fully pay up your existing loan and invest in 2nd property without selling off current HDB.

As for loan, do let my banker advise you on this so you will have a better idea how much loan can you take based on TDSR. I will advise you to do one in principle approval based on your spouse and another based on both of you so you will have a sensing how much can both of you obtain.

Hope my explanation helps!

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More