9 Answers

Hi, there are no way to appeal this, if you wish to retain more of the proceeds you can consider bank loan which might provide more flexibility in this aspect.

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

Unfortunately no, the rationale of this is to right-size the 2nd hdb loan so the owner will not overstretch the finances. If you wish to keep more sale cash proceeds, you may want to consider taking up a bank loan instead, as the minimum cash outlay is just 5% of the next housing price, and usually lower than the cash outlay required for hdb loan as there is no 50% sale cash proceeds port over rule involved. I can assist to do calculations for both hdb loan and bank loan scenario for you to compare.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Ivan Ng Realtor
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1
The only way out is to take up a bank loan for your next purchase instead of HDB loan. The drawback is that interest rate for bank loan is higher now and there is no way you can refinance later with HDB loan.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
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Unfortunately, in Singapore, there's no way to appeal the requirement to use 50% of your HDB sale proceeds towards the downpayment for your new HDB flat purchase. This policy is in place to help ensure buyers don't overextend themselves financially.

Alternative Loan Option: You can consider a bank loan instead of an HDB loan. Bank loans typically require a lower downpayment (5%) but come with higher interest rates and don't offer the option to refinance with HDB loans later.
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1
Yes, it is possible and just go for bank loan instead.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi Nana,

The 50% requirement is only applicable if you take a 2nd loan with HDB. To avoid this requirement, you choose to take a bank loan instead for the purchase. It is hard to appeal against this right sizing of loan as HDB will want buyers who are taking a 2nd HDB loan to exercise prudence and take as small a loan as possible.

Please feel free to contact me so that I can understand your situation and propose the best solution for you!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
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Susana (Buyer) Read More
1
Robbie Chen Chee Howe
Hi Nana,

Yes, the only way to avoid paying 50% of your cash sale proceeds is to consider taking up a Bank Loan, or a non-concessionary HDB loan (on special case).

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
0
Robbie Chen Chee Howe
Hi Nana,

Yes, the only way to avoid paying 50% Cash sale proceeds is to take up a Bank Loan, or a non-concessionary HDB loan (special cases).

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
0
Hi, appreciate your sharing. Unless you are using bank loan.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0