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Asked by WTB Condo 24 Sept 2012

My mother in law is looking to buy a condo but she has a HDB. Can she still buy? No issue with MOP.

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Mike Lim · Answer 1 · 2012-09-25T11:00:31+08:00

Mike Lim

Replied 25 Sept 2012

Morning,

If you mother-in-law is SC, it's not an issue. She can choose to purchase private property and rent out her HDB unit, with prior HDB approval. If her HDB unit is still on mortgage, she will only be eligible for 60% loan. This will be dependent on her income status, credit record and CPF balance.

FYI
Mike Lim
96929209
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More

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Choo Jia Ming · Answer 2 · 2012-09-26T12:22:29+08:00

Choo Jia Ming

Replied 26 Sept 2012

Hi,

If you are looking to invest, I have a few units on sale within walking distance to Queenstown MRT

I look forward to hear from you soon

Thank you
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More

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