Good afternoon! First as a HDB property owner, you must first fulfill the 5 years MOP before you can purchase a private residential property. Secondly, as a SPR couple, you have to dispose off your HDB flat within 6 months after you possess your new private property purchase in Singapore. So you can't hold on to two properties at the same time and let alone leasing out of your HDB flat. If you decide to purchase a private condo before you sell off your HDB, you will only be eligible to loan up to 50% whereas 50% downpayment will make up of 25% cash 25% CPF/cash (have to keep a minimum sum of $74,000 in CPF OA and SA before excess can be used to finance this amount.) If not, bridging loan could be another solution if you have a valid sale OTP for your HDB. Hope it helps! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com
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