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Hi,

Based on the info shared, they will deduct the resale levy 40k first before arriving at your sale cash proceeds (meaning 110k). 50% of it will be used to fund the next hdb property purchase price (55k) since you take 2nd hdb loan, the other 55k is available for you to keep.

https://www.hdb.gov.sg/residential/selling-a-flat/financing/computing-your-estimated-sale-proceeds

More info from the above.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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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, the resale levy of 40k will be deducted first before HDB pays you the other half of the sale proceeds.

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

Hi,

Based on your above example,

Sale proceeds $150k
less Resale levy $40k
Balance $110k
Mandatory $55k to go to downpay your SBF flat
You can keep the balance $55k Cash proceeds.

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

Dear Sir/Mdm,

Your nett sales proceeds will be 150k minus 40k which is 110k. 50% of 110k will need to be used for the next flat.

Please feel free to contact me so that I can assist you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

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Susana (Buyer) Read More

Hi
Based on the example you give, resale levy will be deducted first to your cash proceeds ($150,000- $40,000= $110,000). If you are taking a HDB loan for your next flat, then half of it $55,000 have to be place as a deposit. I am specialised in HDB transactions. 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