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Hi, please may I know if I sell my HDB flat and would like to buy another HDB flat at the same time, could I cash out all the money earn beside those from our CPF account? Meanwhile could I just loan anything below $100,000 from local bank as I am unable to obtain loan directly from HDB. Thanks a bunch
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1 Answer

Mike Lim
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Morning Tina,

If you are buying resale unit using bank loan, you are eligible to keep your cash profit after sales. However, the COV and 5% cash downpayment if you get 80% loan are to be paid by cash. As to getting loan at $100k, it should not be an issue but you must be sure that you have sufficient cash and CPF to cover up the balance.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
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