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I have intention to buy a 2nd condo. I will be able to pay up my 1st loan all in cash, so how much cash/cpf do i need to downpay for the 2nd condo, assuming its abour 1.4m.
Do i have any limitation using my CPF to finance the 2nd property, assuming the 1st loan is fully paid up in cash.
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2 Answers

Catherine PANG
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Ethan Ang
Replied
Hi Johan

If you have fully paid up your loan for your 1st property, you are likely to be able to take 80% loan subject to Bank/MAS assessment of your credit ratings.

For the purchase under the new ruling for 2nd property, you will have to prepare 10% buyer stamp duty (3% + 7% ABSD) if you are a Singaporean.

If you need further assistance, please contact me @ 9769 0125 

Thanks and Best Regards

Ethan Ang
C&H Properties Pte Ltd
 9769 0125  Read More
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