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Hi there,
If I sell my first flat and buy another resale flat using contra. Cash earning from old flat 200k. How much must I put back into the resale flat taking into account the HDB new rules?
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2 Answers

Mike Lim
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Afternoon,

The context for contra to take place is that your selling unit and purchase unit are both using HDB loan. Since this is the case, you are required to put 50% of your cash profit into your new unit before HDB will disperse the balance to you as loan.

If you have intention to fully pay up for upcoming purchased, then you will have to use the required amount of CPF, plus cash, to clear the figures.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
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Sharique Tan
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