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my 1st flat is using HDB loan but zero proceed from selling, then 2nd flat is resale. Should I take up HDB Loan for 2nd time, do I have to pay levy from 1st HDB loan flat or 2nd resale flat from bank loan?
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1 Answer

Mike Lim
Replied
Afternoon Jacqueline,

Since you are purchasing resale unit, hence levy is not payable. As per your statement, you do not have any cash proceed from sales, you will not be required to use any additional cash for the upcoming HDB loan.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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  • JT
    Replied
    Hi Mike,
    I don't have sales proceed from 1st house using HDB Loan but my 2nd flat using Bank Loan I do have proceed. HDB won't charge me levy for the 2nd resale flat proceed is it?
    But HDB can choose to loan you only very low percentage for my next flat right because they see i got proceed from last flat. Is that true?

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