AskGuru Q&A Community

Hi Steven, The amount of your second HDB loan will be determined by how much CPF OA funds you have plus those refunded back from the disposal of your current unit and amount of sales proceeds you can use (determined by HDB). Unless you have around $250k CPF OA (current + refunded) and HDB allows you to use up to 50% of the cash proceeds (according to your assumption of $200k cash proceeds) then your HDB loan should be about $300k (assuming you purchase the resale 5RM flat at valuation). Probably you can share more information about your property needs with me so I can advise you further. Hope to hear from you soon! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

Morning Raj, Based on your enquire, if you have $350k in CPF and using your second HDB loan, with cash profit of $200k, you will need around $200k loan and cash of $115k Do feel free to contact me for further discussion Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More