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Ander Ang
Replied
Hi,

Once you buy a HDB flat, you need to satisfy the 5 year MOP before you can purchase a private property.

Or you can consider commercial/industrial property, which are not bound by the 5-year MOP rule.

If you are keen to explore further, please call me at 98628691  to discuss.

Thanks.
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Mike Lim
Replied
Afternoon,

Is your current unit purchase directly from HDB? If so, you are not eligible for grant on your upcoming purchase.
Are you using HDB or bank loan to finance the upcoming purchase as you are required to use 50% of your cash profit from sales, onto new purchase, before HDB will loan your the balance.
To purchase another resale unit after the sales, you are required to fulfill the MOP before you are eligible to purchase your second property.

Do feel free to contact me if you require further assistance

Regards
Mike Lim
 96929209 
CEA Registration: R026708F
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  • BP
    Replied
    Hi Mike,

    1. Then I am not eligible for the grant.

    2. With the interest from bank lower than HDB, i will likely take Bank loan of 5 years to clear the loan to coincide with MOP

    3. With the market so hot now, i will likely wait for it to cool before investing in Condo, which i am prepared to wait until my MOP

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