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Hi Kelvin,

1) The first thing is whether the inheritance affects your BTO application. The inherited BTO must have completed the MOP required in order to be eligible for your current BTO application.
2) Yes, to be exact is 50% of the cash proceed has to be used to pay for the new purchase. All CPF refunds must be used for the new purchase. This is applicable when the 2nd HDB loan is utilized.
3) This is untrue to have to pay a 25% down payment when using the 2nd HDB loan. The down payment remains to be 15%. But noted when using HDB loan, in order to minimize your loan, all except a maximum of $20k will be retained in your CPF account. Therefore your down payment might be more than the minimum 15%.
4) To add on point (3), you will be charged a commercial interest rate for the housing loan for your BTO unless you used all refunded CPF and 50% of the cash proceeds to pay for your BTO.
5) Your spouse enjoyed the subsidized price for the BTO, therefore subject to resale levy when applying for the 2nd BTO. There is no doubt over this thus no need to appeal to waive. Since she owns 100% of the 1st BTO, she will be subject to this $50k resale levy.
Noted that the 50% cash proceed mentioned in (2) will only tabulate after deduction of this resale levy.

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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