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If I were to sell off my current 5rm hdb and buy a new executive.apartment from hdb or resale flat, besides having to incur the resale levy etc, I also need to pay back 50% of my sale proceeds to offset new loan with hdb?
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1 Answer

Mike Lim
Replied
Afternoon,

Are there any new EA to be built by HDB? Or are you referring to BTO for 5 room and resale for EA?

If you are referring to BTO with HDB loan, your levy will be $45k cash and you need to put aside 50% of your sales proceed to facilitate the HDB loan.

If you are referring to resale EA, levy is applicable but the same ruling applies for your HDB loan.

FYI
Mike Lim
 96929209 
ERA Read More
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