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Hi, we are looking to sell our current HDB which is using HDB loan which is fully paid.If we sell at 450k and buy a 2nd house at 400k using a new HDB loan, how does the sales proceeds works? Do all sale proceeds go back to cpf? Are there any cash balance? What is the duration taken for us to receive the cash balance, if any, so we can have facilitate the payment for 2nd hdb? Thanks.
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3 Answers

Mike Lim
Replied
Afternoon,

In order to provide you with the answers, we will need to how much CPF have being utilized, how much CPF funds you have in hand and how much loan you will be eligible for. Without these data, it will be almost impossible for us to work the figures for you accurately.

Do feel free to contact me for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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OHMYHOME PTE LTD
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Landon Chew
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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