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My wife and I are singaporeans and we currently own a hdb flat.

Our hdb is currently under HDB loan and has not been fully paid for.

Would like to know with the current property regulations, what is the maximum loan which I can take up if I will to get a condo for investment purpose?

What will be the total amount of cash I need to fork out for a 1mil condo?
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2 Answers

Aaron Chong
Replied
Hi Alan

For 2nd loan, you can loan only up to 50%.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Mike Lim
Replied
Afternoon Alan,

To purchase your second property without selling away your current property, you need to be a Singaporean. You must also fulfill your MOP requirement. Since your unit is still under mortgage, you can only obtain max of 50% loan where 25% of downpayment must be in cash and balance 50% can use cash and / or CPF (provided you have set aside the CPF minimum sum).

Let's assume that you do not have any balance CPF in hand, you will need around $600k to purchase a property of $1 mil.

Do feel free to contact me if you require further assistance.

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