January 26, 201115 yr Dear all, Need some advice here. Under the new rules, currently I am staying in HDB flat and have meet the 5yrs MOP, can I go buy a private condo to stay and rent out the HDB flat at the sametime?
January 28, 201115 yr Author can. Thanks for the reply. Actually I asking behalf of a friend. Haha! I dun have that kind of $$$$ to invest in condo.
January 28, 201115 yr just note, to rent out whole HDB subjected to HDB approval Which I think u had already know Saw Vinz from HWZ has reply your question.
February 6, 201115 yr the new rule is if u own a HDB flat now, u can buy a private property after 5 years. But if u have a private property now, u need to sell off before u can buy the HDB flat
February 6, 201115 yr If you have a private property , you need to sell off within 6 mth after you buy the HDB flat. Not before. As for the MOP, it always there. 5 yrs. Just that it increase for those resale owner taking bank loan, no grant who use to 1 yrs then increase to 3 yrs. Now 5 yrs.
February 8, 201115 yr One of the measures that goverment imtroduced Lower the LTV limit on housing loans granted by financial institutions regulated by the Monetary Authority of Singapore from 70 per cent to 60 per cent for property purchasers who are individuals with one or more outstanding housing loans at the time of the new housing purchase. If i pay off my exiting HDB loan, does that means i can borow 80% loan to buy a 2nd property?
February 8, 201115 yr One of the measures that goverment imtroduced Lower the LTV limit on housing loans granted by financial institutions regulated by the Monetary Authority of Singapore from 70 per cent to 60 per cent for property purchasers who are individuals with one or more outstanding housing loans at the time of the new housing purchase. If i pay off my exiting HDB loan, does that means i can borow 80% loan to buy a 2nd property? Yes, as long as you do not have any housing loan then you can get 80% loan from banks.
Create an account or sign in to comment