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Afternoon,

If you are using contra facility, all your CPF OA will be cleared for the next purchase. 50% of your cash proceed need to go into the new purchase before HDB will loan you the balance or approved HLE figure, which ever is lower.

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

Hi,

As aforementioned, if you are doing contra for hdb, your current CPF OA will be cleared fully to fund the next flat. The CPF utilized + accrued interest refunded to your OA, from your sale of current flat, will also be cleared to fund the next flat

If any cash proceeds are still available from the sale, 50% will also go toward to fund the flat. All these measures are taken so as to reduce your HDB loan as much as possible, in order for more prudent financial planning, especially for folks near retirement age. Thanks and may I understand your housing requirements further so as to value-add to your plans?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More