Asked by Yeung
Trading up HDB (resale):
I am wondering if the recent cooling measures apply to those trading up (hdb for hdb)
I currently owns a HDB (bought from resale) on which we used CPF grant and HDB loan.
Joint ownership with spouse (citizen). She had formerly joint owned an HDB with her sibling but had transferred before buying our existing flat.
I am exploring the thought of moving to a bigger unit (HDB resale).
1.Assumes completion of MOP, are we eligible to apply and buy from the resale market (before selling our existing unit)? Intent is to trade up.
2.I suppose we may need to dispose our existing HDB within 6 months after confirming the purchase of the new resale unit - is this undertaking on a best effort basis or compulsory 6 months?
3.(Assuming we bought a new resale unit and undertake to sell existing), could you advise on:
-cash downpayment, timing
-LTV limit, use of CPF and
-stamp-duty/re-sale levy
I am wondering if the recent cooling measures apply to those trading up (hdb for hdb)
I currently owns a HDB (bought from resale) on which we used CPF grant and HDB loan.
Joint ownership with spouse (citizen). She had formerly joint owned an HDB with her sibling but had transferred before buying our existing flat.
I am exploring the thought of moving to a bigger unit (HDB resale).
1.Assumes completion of MOP, are we eligible to apply and buy from the resale market (before selling our existing unit)? Intent is to trade up.
2.I suppose we may need to dispose our existing HDB within 6 months after confirming the purchase of the new resale unit - is this undertaking on a best effort basis or compulsory 6 months?
3.(Assuming we bought a new resale unit and undertake to sell existing), could you advise on:
-cash downpayment, timing
-LTV limit, use of CPF and
-stamp-duty/re-sale levy
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