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The S&P process needs careful and confident planning in financial, timeline and checklist especially HDB, CPF, bank and lawyer etc. Recently my client 'suddenly' bought a dream condo while 'holding on' to a HDB flat.
They needed the extra 'funds' for the condo.
Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit.
Engage an agent if you expect a consistent S&P process.
The stress relief effort is enormous and the commission is insignificant.
Check this site: www.catherinepang.com Read More

Afternoon Kess,

You are only required to use 50% of your cash proceed for your upcoming purchase, if you are using another HDB loan. As for the amount which will be considered as your proceed from the sales, due to the split, it would be prudent to write into HDB to receive written confirmation.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Kess

The rule of the thumb is 50% of the cash proceeds must go to the next HDB flat if you are taking a HDB loan.

There are cases where HDB will decide on the amt on a case-by-case basis. Recently I have a client who wrote in to HDB to apply for a waiver as all the cash proceeds went to the divorced husband to pay off debts.

You may consider writing in to check and HDB most probably will advise you to apply for HLE at the same time to have a better idea of exactly how much cash is to be involved in the purchase.

Hope this helps!

If you have further questions, pls feel free to contact me.

Inn Tian
HSR International Realtors Pte Ltd
 9068 8568 
inntian@gmail.com Read More