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Hi, my brought flat will be ready in 2016. With new ruling, I need to pay cash downpayment of 25%, and buyer stamp duty 7%. Can all these be paid using sales proceeds after I hv collected keys and sold my first hdb?
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1 Answer

Mike Lim
Replied
Afternoon,

Why would you be required to pay 25% cash as downpayment and 7% ABSD? Given that you are required to sell your HDB unit within 6 months from key collection of your new HDB unit, you might have beng misinformed. Check with HDB on your status.

Regards
Mike Lim
 96929209 
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