Asked by Anonymous
I would like to inquire about the possibility of obtaining a second loan from the HDB under specific circumstances. I currently own a flat with outstanding arrears and intend to sell it to purchase a new property. The cost of the prospective new flat exceeds my CPF balance and 100% of cash proceeds from the sale of my existing flat. I am prepared to utilize the entirety of the cash proceeds from the sale of my current flat towards the purchase of the new property. Could you please advise if I would still be eligible for a second HDB loan in this scenario?
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