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My wife & I are currently owning a hdb unit & we are thinking of buying a private property for investment. Can we buy a private property if we have stayed in our current hdb unit for 6 years & we are not intending to sell this hdb unit ? I heard that under new ruling, hdb owners are not supposed to own & keep both hdb & private property. Is it correct ?
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1 Answer

Shao Inn Tian
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Hi Shawn

You can invest in a private property and keep your HDB after you fulfill your MOP which is a maximum of 5 years.

Do note that you can only take up to 60% loan for your 2nd property if you have existing loan. Also if you ultilised your CPF for your first property, you will have to keep a minimum sum of 71K in your CPF if you intend to use your CPF for the 2nd property.

Hope this helps!

If you have further questions, pls feel free to contact me.

Inn Tian
 9068 8568 
inntian@gmail.com
CEA Registration no. R043658I Read More
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