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Evening,

I would assume that you completed your purchase after 30 Aug 2010. Hence, selling within 1 year, you are liable for 16% stamp duty, bank penalty charges and admin charges, as per you Letter of Offer, and if it's BUC project, you will incur some developer's charges.
As for the purchase of HDB unit, you are only eligible for Bank loan and resale unit. But being unemployed, you might have issue getting a mortgage loan for your upcoming purchase.

Do feel free to contact me if you have further enquiry.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Downgrader,

As pointed out by my fellow agents, assuming that you have bought your condo unit after 30 Aug 2010, you'll be required to pay for 16% seller's stamp duty and penalty charges by the bank for your loan. On top of that, you will only be eligible to take up a bank loan for your next HDB purchase, which will be restricted to purchasing in the open market.

My humble opinion for your consideration is to rent out your existing condominium unit and rent a HDB to see if it helps in servicing the loan and paying for your rented unit to avoid the SSD and bank penalty.

Should you require further assistance, feel free to contact me.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More