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Hi,

If I sell my existing re-sales HDB flat (brought without using HDB grant) and buy another (downgrade) re-saled HDB flat, I can only keep maxi $25000 of the cash proceed, the rest will have to put back to CPF ?

Thank you.
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2 Answers

Choo Jia Ming
Replied
Dear P2,

Let us meet up to discuss your expectation and requirement.

If we are able to discuss further, please let me know.

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F Read More
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Mike Lim
Replied
Evening,

Presuming your current unit is your first unit, without HDB grant and loan, you can downgrade to smaller unit, taking HDB loan, if you fulfill the requirement.
You do not need to pump-in the 50% profit or $25k, whichever higher, into your upcoming resale unit.
Do feel free to contact me for further assistance.

Mike Lim
 96929209 
ERA Read More
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