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Home Financing

Asked by Ed 1 Aug 2011

When Can I sell my hdb flat ? When can I Buy a private property at 80% loan from bank ? Is it, if i cleared my HDB loan, I can proceed to buy private with 80% loan ? Any other concerns ? Thanks, Ed

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Mike Lim · Answer 1 · 2011-08-01T16:28:17+08:00

Mike Lim

Replied 1 Aug 2011

Afternoon Ed,

In order to sell your unit, you need to fulfill the minimum occupation period. That's also when you can purchase your second property.
To attain 80% loan, you can either clear your first mortgage loan or apply for the mortgage loan after you have sold off your HDB unit.
Hope I have given you the direct answers. As for other concerns, do contact me if you require further assistance.

Regards
Mike Lim
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