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Hi,

If you take up a bank loan for your 5-rm flat, hdb will not take 50% of your cash proceeds. That only applies for 2nd hdb loan. Thanks and may I understand your requirements further and value-add to your upgrading plans? Hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good morning upgrader,

Not to worry. HDB wont not withhold up to 50% of your sale proceeds and direct it to your purchase if you will to use bank loan for financing.

This is only applicable if you choose to take up a second HDB loan.

http://www.hdb.gov.sg/fi10/fi10322p.nsf/w/SellFlatSecondHDBloan?OpenDocument

Hope my explanation helps!

Probably we should meet up to discuss further on your upgrading. We can touch on the potential sales proceeds, sufficient funds to upgrade etc.

If you need any assistance or advice in your property upgrade, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi
I would love to sit down with you and go through the procedure and financial calculation for your next home purchase.
Feel free to reach me via a call or sms at 91442664  .
Thank u
Tricia Tan
www.triciatan.myweb.sg Read More

Afternoon,

Since you are taking bank loan, you will only be required to prepare 5% cash down payment and 15% down payment in CPF and/or cash. As for how much cash profit you can get, it will depend on your selling price against the buying price.

Do contact me further for detail discussion.

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

Hi,

Thanks for your query!
For a bank loan, HDB will not take 50% of proceeds.
Perhaps you should consider working alongside a professional to chart out your financial Sums and payment timeline to advise and recommend series of steps to market your property. Hope to be able to assist! Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
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P Group
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Hi,

If you were to take a bank loan for your next purchase, you will be entitled to keep 100% of your sales proceed from the sale of your current house. However, do bear in mind that you will need to reserve 5% of CASH for the downpayment of your next purchase.

For HDB loan, it is compulsory to channel 50% of your sales proceed into your next purchase before HDB grants you a loan.

You may want to consider taking a bank loan to leverage and cash out on your current property for other forms of investments.

Please feel free to contact me to discuss further!

Nick Tan +65 9644 4854 
nicktan@propertyavenue.com.sg
B.Eng(Chemical)(Hons)(NUS)

www.nick-tan.com

Property Avenue Pte Ltd
Follow us on FB to receive 24/7 market information & update! ==> https://www.facebook.com/propertyavenuesg Read More

Hi,
If you are eligible for 80% bank loan for the 5 room flat, you will very likely have some cash from the sale proceed. As long you are taking bank loan, you may keep the 100% of sale proceed.

I would like to assist you to work out the financial plan, this will includes to compute the estimated bank loan

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

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

Hi,

All the agents above answered correctly.

Are you're planning to sell at a much higher price and safely with an experienced agent then you need to know why so many HDB sellers engage me: http://heikal-shafrudin.com/hdb-on-sale/

and here:
http://www.propertyguru.com.sg/agent/heikal-shafrudin-91734/heikal-shafrudin#agent_listings

It makes sense to sell using new strategies to sell higher and faster.

Call Heikal: +65 9759-7125  Read More