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Hi Ms. Ng,

If you intend to use HDB loan again, the above applies. To structure the best way to meet your objectives and minimize costs to you, may I have more details so to make better recommendations? Thanks and hope to discuss further and assist.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon Jo,

Yes it is applicable If you used HDB loan for your current HDB and intend to use HDB loan again for the next purchase. If not, this will not be applicable especially when you have intention to use bank loan for the purchase.

Hope my explanation helps!

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,
Yes, if you are taking HDB loan for the new purchase, then 50% of the sale proceed and all your CPF OA will used to reduce the loan quantum.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Evening,

The amount of funding required would depend on your purchase price. If your current unit is worth $500k and your upcoming purchase is only $400k, while your CPF OA have around $100k, it would be clear that you do not require any housing loan at all. You will also not be required to clear your CPF monies for the purchase.

Do contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Jo

As my fellow real estate salespersons (RES) have already answered to your questions and instead of me repeating the answer, may I suggest that in your next step you engage a RES.

You may discuss your financial cash flow or the strategy to take in your sell and buy. You may have many other transactional matters whom can address your concerns.

If you like you may call my mobile 9620 0827  or email to gavin.ng@orangetee.com.

Thank you.

Gavin Read More