2 Answers

Hi Mdm Jessie,

Where do you get this information from? It's not true.
You only have to top up back the CPF that you have contributed with interests, then minus off your outstanding mortgage loan, then the rest will be your cash profit.

Feel free to contact me if you have any further queries.

Cheers,
William Koh
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Hi Mdm Jessie,

For your same scenario & to apply for HDB loan w/o touching your cash profit is a no-no case.

The only solution is to apply for bank loan for your next purchase regardless of NEW/Resale flat. For bank loan, the procedure will be 5% cash & 15% CPF/Cash, follow by max loan of 80% if you do not have any outstanding mortgage loan.

Shall you have more queries, you may email me direct jaslin_poh@ymail.com

Regards
Jaslin
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