davidbslee 1 Report post Posted January 26, 2011 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? Share this post Link to post Share on other sites
davidbslee 1 Report post Posted January 28, 2011 can. Thanks for the reply. Actually I asking behalf of a friend. Haha! I dun have that kind of $$$$ to invest in condo. Share this post Link to post Share on other sites
therat 18 Report post Posted January 28, 2011 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. Share this post Link to post Share on other sites
muffin 2 Report post Posted February 6, 2011 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 Share this post Link to post Share on other sites
therat 18 Report post Posted February 6, 2011 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. Share this post Link to post Share on other sites
wickaninsh 0 Report post Posted February 8, 2011 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? Share this post Link to post Share on other sites
May_dream1 14 Report post Posted February 8, 2011 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. Share this post Link to post Share on other sites
