AskGuru Q&A Community

Hi,

All individuals can only get 2 HDB concessionary loans in their lifetime, and yes you can get another HDB loan if you have not sold your existing flat.

It is understood part of the sales proceeds from your current house A , will go toward to pay up fully the 1st HDB loan before any proceeds can be used for your new house B.

In essence, what you are trying to do is the HDB contra method, which means you have to find a buyer for your current flat A before you can buy another flat B with HDB loan.

It is best if I can assist you in this transaction as the timelines for contra have to be managed carefully. Thanks and hope to speak soon to value-add to your housing plans.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Evening,

All SC HDB buyers are entitled to 2 concessional loan, provided that their income does not exceed the capped ceiling. You will be given market rate loan to start with which will be revised upon getting a buyer for your current unit. Do note that you will be required to settle the down payment, likely via cash, unless you have very healthy CPF reserve.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi, you should sell first before purchase. Let me share the strategy with you as managing the time frame is very important. Please drop me an email for discussion.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More