Morning!
First of all, have you fulfilled the applicable minimum occupation period?
And one of you at least is a SC?
If both conditions are fulfilled, you can apply for a new EC.
If both of you choose to sell off your HDB first, you wont be having any outstanding loan. Thus you should be able to obtain a max 80% loan.
But where are you going to stay after your HDB sale till keys collection of new EC?
With that aside, 5% cash downpayment is needed ($50,000)
You need cash for valuation, legal fees, shortfall in 15% CPF downpayment.
As for preferred units, it will depends. It will be like balloting, if you manage to get a good queue number, you will have a better chance to buy your preferred unit.
Hope it helps!
If you need assistance in your property needs, I am just a call away.
Hope to hear from you soon!
Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M):
9111 5171
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd
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