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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, that will occur if you are planning to use HDB loan for the next purchase. If you are going for bank loan for the next purchase, then you get to keep the full cash proceeds when you sell the existing flat.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

This is only applicable if you take a second concessionary HDB loan. You may consider a Bank loan if you do not wish to set aside the 50% cash proceeds towards your next flat.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi
As mentioned, this rule only able applicable to taking up a HDB loan. In general for those taking a HDB loan for their next flat, HDB generally does allow the seller to keep half of the cash proceeds or $25,000 whichever is higher (eg cash proceed $25,000 gets to keep all and rule never apply. Cash proceeds 33k, keeps $25k and balance $8k have to be used as downpayment for next flat. Cash proceed $70k, keeps $35k and the balance $35k needs to use for downpayment for next flat). For divorce case, the cash proceeds only refers to the amount you will be getting in pursuant to the court order and not the whole cash proceed. A detailed calculation needs to be done on whether it is more advantageous for you to take up a HDB loan or a bank loan for your next purchase. I am specialised in HDB transactions and have experienced handling numerous cases like yours. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Taufik Hussein
CEA Reg No: R061607B
Contact No: 93375051 
ERA Realty Network Pte Ltd Read More

Hi,

1) To be crystal clear, this statement is only applicable to someone who is taking a 2nd HDB loan.
2) In your situation, it is only referring to your allocated cash portion. Not applicable if you do not have any cash proceed in your last sales.
3) To avoid this, you will have to consider taking a bank loan.
4) Alternative used only your partner's name for the HDB loan, but this shall depend on whether your partner's income is sufficient to cover the loan.
5) You can still utilize your CPF to pay the mortgage as long as you are the owner.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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