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if i have a bank loan on my present hdb and selling it off now as i am getting my new flat from hdb, the sales proceed do i still need to give back 50% to hdb if it exceeds 50 k ? , my new hdb i applied thru hdb (will be getting hdb loan), first time applying for hdb loan .
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2 Answers

Mike Lim
Replied
Afternoon Avalon,

That ruling is only applicable for 2nd time HDB loan applicant. It does not apply for you hence you are eligible to keep all the proceed from your sales, after deducting the outstanding loan and CPF used.

Do feel free to contact me for further assistance.

Thanks
Mike Lim
 96929209 
ERA Read More
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Geryl Lim
Replied
Hi Bragroove,

Is your existing HDB under loan from HDB? As Mike has mentioned, this regulation is only applicable for 2nd timer.

Please let me know how I may assist you further.

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