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Morning Wayne,

Based on your statement, your current unit have either being purchased with grant or directly from HDB. Hence you are required to pay a levy for the application of upcoming BTO. Using 50% cash profit is only applicable if you are using your second HDB loan entitlement. Since you are clearing it off with both your CPF, the rules hence not applicable to you.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Wayne, if you are looking to purchase a BTO/Balance Flat, your concern should be getting a BTO/Balance flat first. You will only be required to sell within 6 months of getting your new flat.

Unless you are selling now, it is hard to forsee if there are any changes to the ruling when the day comes. But at the present moment, what Mike and Janerio have highlighted are what you need to take note of.

Making dreams come true, one home at a time,

Yian Tay
ERA Realty Network Pte Ltd
Mobile: 82884499 
Email: yiantay.era@gmail.com
CEA Regn - R027190C Read More

Hi Wayne,

As mentioned by my fellow professionals, if you are clearing off the purchase with existing CPF and not taking a loan, the retention of 50% of sales proceeds is not applicable.

As you are selling and purchasing using the CPF, it would be important to highlight to you that timing is critical concern, since the CPF returns from the sale of your existing unit will only be credited within 2-3 weeks, thereafter you are then allowed to utilise for your purchase. In this circumstance, you'll likely require to go on short term rental in between since a brand new BTO or SBF flat will definitely require some form of renovation before it is move-in condition. If there is anyway I am able to assist you further, do not hesitate to contact me further.

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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Shalom

Regards

Koh Z H
hp- 8 2 7 9 8 3 2 7
Cea Reg - License Number - R 0 5 7 8 1 0 C
Orangetee - L 3 0 0 9 2 5 0 K
AAG

All welcome Read More