Conditions When Buying Resale Flat Using Hdb Loan

[PointZero 0]

I have two questions regarding buying of a HDB resale flat using the HDB loan (without any housing grant). They are:

- If I have purchased a HDB resale flat using the HDB loan (without any housing grant), is there any minimum period I must wait before I can buy a private residental property?

- Will HDB wipe out all the amount I have in my CPF account before granting me the HDB loan for the balance? Or do they just wipe out 20% of the purchase price of the resale flat?

Thanks!

[zirhk3355 1]

These information can be found at HDB website.

Just go under "Home Seeker" and select "Buying a Resale Flat".

[PointZero 0]

These information can be found at HDB website.

Just go under "Home Seeker" and select "Buying a Resale Flat".

Thanks.

I found the answer to my second question, and it says that all the available CPF savings must be used up.

However, I cannot find anything about the minimum period before one is allowed to buy a private property. Can you pinpoint me to the part that addresses that? Thanks.

[zirhk3355 1]

Ok lah, don't torture you, since you sincerely searched for your stuff instead of waiting to be spoonfed.

Whether you are using HDB loan or not is not a criteria for HDB flat owners to buy private property. The key is the HDB grant.

http://www.hdb.gov.sg/fi10/fi10206p.nsf/WP...es?OpenDocument

[PointZero 0]

Ok lah, don't torture you, since you sincerely searched for your stuff instead of waiting to be spoonfed.

Whether you are using HDB loan or not is not a criteria for HDB flat owners to buy private property. The key is the HDB grant.

http://www.hdb.gov.sg/fi10/fi10206p.nsf/WP...es?OpenDocument

Thanks!

[raincole 0]

Buy private ppty, cannot apply for HDB loan.