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I owned a 5-rm HDB flat in AMK, montly $700 installment, remaining of 160k balance HDB loan to be settled. Next year June will reach 5 yr occupancy.

My question: is it possible to refinance my current property to buy second private property with the cash out? I am targetting another private property near my existing home that cost ard 1 mil, and i have a combined monthly income of 10k, cash on-hand 50k, CPF 30k.
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3 Answers

Hi Sunny, a HDB flat cannot be used as collateral. Gearing up is only for Private Properties. Read More
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Bala S OrangeTee
Dear Mr.Sunny,
Hdb flat Can't do it.
If you need further assistance feel free to contact me at
 92977650  or bala_dreamproperty@yahoo.com
I will be happy to discuss further with you.
Best regards,
Bala@Orange tee
 92977650  Read More
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