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Hello Gurus, good day, we are family of 4 all PR here in SG, we have currently have a housing loan (overseas) w/ is not yet fully paid, we are paying it in monthly period. Question is can we buy resale HDB flat here in SG? Is my oversea housing loan considered as my property already even if the house is not fully paid? PLease advice. thank you very much...
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1 Answer

Mike Lim
Replied
Morning John,

Property in holding does not mean that it have to be fully paid. As long as you are the owner even though banks are the one holding the mortgage, it's still considered as yours. Therefore, if you were to purchase HDB unit, you are required to sell off your private property within 6 months from key collection.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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