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I bought my 1st current 4rm flat directly from HDB using HLE. Hv already fufilled the mop. Was thinking to upgrade. Can I purchase another unit from HDB using HLE? If cannot.. say I will hv to buy from resale market (buy 1st before sell) & I wanna use HLE, do I only get 60% loan from HDB cos of the new ruling? Need some help.
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1 Answer

Mike Lim
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Afternoon Dan,

Every SC can get 2 times subsidized rate loan from HDB, provided you do not exceed the income ceiling. You are also required to use 50% of your cash profit from the sales into your upcoming purchase, along with all the CPF, both from your current OA and from sales of existing unit.
With HLE, you should be getting 90% loan, subjected to approval, even though for resale unit.

FYI
Mike Lim
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