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hi, today see newspaper say got hdb new law. izit when we sell our house and buy a new house we need to put all the earning from the 1st house to pay for the new house? or juz have enough to pay the downpayment only.
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1 Answer

Ken Tan
Replied
Hi Gabriel,

HDB Loan applicants must use the full CPF proceeds and half the cash proceeds from the sale of the previous flat or $25,000, whichever is less, to finance their next home. However, this will not apply if you borrow from the bank. Hope this answers your question.

Cheers,

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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