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Hi, Few years back, I have separated from my ex spouse. We have purchased a resale flat and due to our separation, we need to sell off this flats and move to stay with my parents. Now i am going to remarry and plan to purchase a flat. Understand, to purchase usind 2nd HDB Loan, we have to use part of the cash proceeds from past sale flat. However, if I have spent most of the cash proceed from the past sale flat. What should I do? Am I not eligible for 2nd HDB loan?
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1 Answer

Mike Lim
Replied
Morning Jim,

To purchase HDB unit using 2nd HDB loan, you need to utilise 50% of your share of the profit from your previous sales.
Else you can opt to purchase using bank loan. You can try to write in to appeal but the chances are low.

FYI
Mike Lim
 96929209 
ERA Read More
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