Hi Mr Goh,
It is pretty much straightforward just like your purhcase of your current place. Nevertheless, as your income level would have probably changed over the course of years since you purchased your current unit, your loan amount eligibility would have also changed. I am not very sure of what are the financial complications you maybe expecting but should you be selling, you will be looking at generating sales proceeds for a positive sale therefore if you will be seeking to purchase your next unit with HDB loan, you are required to set aside 50% of your sales proceeds to purchase the other unit. Otherwise, you may decide on how you wish to utilise the sales proceeds of your current place. My question is what is the motivation behind your requirements to sell a 5rm HDB to purchase another 5rm HDB? Are you looking to purchase a 5rm HDB in a mature estate which supposedly is larger than the 5rm HDB in Punggol estate?
Regards,
Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed7772" in Mobile Apps Store or Play Store now!
**Aspiring to be your preferred partner in real estate**
Read More
