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Home Selling

Asked by Krayzie Tas 16 Nov 2012

why it have to be 50% of the selling profit back to hdb,can it be lesser than 50%?

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Mike Lim · Answer 1 · 2012-11-17T23:00:55+08:00

Mike Lim

Replied 17 Nov 2012

Evening,

You are only required to utilized 50% of your cash profit from sales of your HDB unit, which was using HDB loan, when you are purchase another HDB unit using your second HDB loan entitlement. As to if the amount can be reduced or not, you will need to talk to HDB about it.

FYI
Mike Lim
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OHMYHOME PTE LTD · Answer 2 · 2024-05-03T13:31:58+08:00

OHMYHOME PTE LTD

Replied 3 May 2024

Join the HomerAI by Ohmyhome community and take control of your property journey! With powerful tools like home e-valuations, neighborhood insights, and DIY calculators, you'll have everything you need to make smart decisions and maximize your returns. And with our top-rated agents on your side, selling your home has never been easier or more affordable! Read More

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