1 Answer

Johnny Goh Mui Huat
Hi Joan,

If you intend to take HDB loan for the purchase, the answer is yes. You need to fork out 50% of cash proceed. Pls note that this is cash proceed, not sales proceed. Your CPF proceed will also be fully utilised on the new purchase.

However, if you decide to take a bank loan, you will need to put in 5% of valuation cash and the balance 15% in CPF.

Hope that I had answered your question.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com