AskGuru Q&A Community

Hi,

1) This is obviously yes.
2) The HDB will consider this as their 2nd HDB loan for sure, no matter how you look at it.
3) Be it, 1 applicant, for a loan or 2 applicants for a loan.
4) The HDB will exercise the right-size policy to request they use their last sales 50% cash proceeds to top up the down payment in order to reduce the loan amount.
5) You may try to appeal to the HDB over this right-size policy matter. The HDB will consider on a case-by-case basis.
6) This is the email address you can use for your appeal: hdbresale@mailbox.hdb.gov.sg

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi
Yes It will be considered as taking a second HDB loan. HDB allows a person to apply for a maximum of 2 HDB loans throughout his entire lifespan. For a second HDB loan, HDB will require each party to place an amount in excess of $25k of the cash proceeds or half of the cash proceeds from previous sales whichever is higher as a deposit for the next house. Do note for divorce/annulment cases, only the cash proceeds that is apportioned to the individual seller as per court order from the sales of previous house will be considered. I have experienced 2nd timers not needing to place compulsory cash deposits as required by HDB as their cash proceeds from the sales of previous house is $25k or lesser (eg. A cash proceeds from sales of previous house is $25k and B sales proceed from sales of previous house is $25k, no compulsory cash deposits for next housing is required) I have even assisted some buyers in successfully appealing to HDB to waive off the compulsory cash deposit requirement with valid reasons. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd
 93375051  Read More