Afternoon Alanrich,
If you have purchased the EC directly from HDB, you are required to fulfill your MOP before you are eligible to purchase your second property. If you have fulfilled this requirement, along with zero mortgage loan at hand, you are eligible to 80% loan. This is however dependent on your income status and credit record.
If your current EC have utilized CPF on the repayment of the mortgage loan, you are required to maintain the CPF minimum sum, before you are allowed to used the balance for the second property. This factor determine how much cash you need for the downpayment on the purchase. If you are PR ad purchasing the second property alone, you are eligible for the standard stamp duty plus additional buyer's stamp duty.
Do feel free to contact me if you require further assistance.
Regards
Mike Lim
96929209
ERA
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