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Home Financing

Asked by Anonymous 5 Jul 2012

Is it true that after selling my first HDB, if wan to buy the next hdb using hdb loan, the proceed will have to factor in for about 50% for the next purchased flat?

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Mike Lim · Answer 1 · 2012-07-05T18:58:51+08:00

Mike Lim

Replied 5 Jul 2012

Evening,

If you first HDB unit i have being financed by HDB loan and you intend to get second HDB loan for your upcoming purchase, HDB will only loan you the following amount: Valuation - 50% cash profit from previous sales - total CPF OA.

This only applies when your profit from sales is more than $50k.

FYI
Mike Lim
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