AskGuru Q&A Community

Hi Annie,

The 50% cash proceeds rule only applies when you are taking 2nd HDB loan. Thus you are not affected by this rule should you sell your existing flat and purchase your next flat taking your 1st HDB loan.

Please call me at 98628691  to discuss further.

Thanks.
Ander Ang
DTZ Read More

Afternoon Annie,

Since your current HDB unit is purchase with CPF, you did not utilize your first HDB loan entitlement. With the upcoming purchase which you will be using HDB loan, it's considered as your first loan. Therefore, you are not required to fork out 50% cash profit from your current unit's sales to finance the the upcoming purchase.

Do feel free to contact me for further discussion.

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

Hi Annie ,

You are not subjected to the 50% sales proceed rule. You are free to purchase the next flat as a first timer under HDB Housing Loan.

No obligation. You might want know more about the financial plan for the selling and how I can help you to do a restructuring for your property and help you own a private property instead or at the same time own 1 investment and 1 own stay private property at the same time.

Please call me for a non obligation discussion.

Thank you : )

Best Regards,

Andy Cheng
Associate Team Director
Propnex Realty Pte Ltd
Powerful Negotiators ( NO1 Team In Propnex )
Hp: 92272638 
Email: andysgproperty@gmail.com
Website: www.andysgproperty.com Read More