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Afternoon Mike,

You bought a BTO or resale HDB before August 2010?

If BTO, you will not be eligible.

If resale HDB bought before August 2010, when did you purchase it?

If before 5 March 2010, you will be eligible already.

If on/after 5 March 2010 to 29 August 2010, you might have to wait for MOP (a few more months) to be up before you can sell.

If you are selling off your HDB, you will not be subject to any additional buyer's stamp duty and able to take up to a max loan up to 80% for your condo purchase. 20% downpayment consists of 5% cash and 15% CPF.

If you need assistance in your property purchase, I am just a call away.

Cheers!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More

Afternoon Mike,

If you unit have being purchased with grant or direct from HDB, the MOP is 5 years. Otherwise , your MOP would be 3 years which you would be still short of by around 6 months.

As to how much Additional Buyer Stamp duty is payable for purchase would depend if you are SC or PR. 5% for PR and none for SC. This is provided you have done the declaration to sell off your current unit within 6 months from key collection. As for the bank loan, if all procedure are done hand in hand, you should be able to get 80% loan where 5% is cash and 15% can be a mixture of both.

Regards
Mike Lim
 96929209 
ERA Read More