AskGuru Q&A Community

Afternoon Lee,

With the sales of your current unit, the CPF used, inclusive of the grant, will go into your CPF account.
To purchase another unit from the open market, you do not need to pay any resale levy. But to take a second HDB loan, you need to contribute 50% of your cash profit, from the sales of your current unit, then the HDB will loan you the balance.
#Second HDB Loan = Valuation - Combined CPF Amount - 50% of Cash Profit from previous unit (if your profit is more than $25k)

Do feel free to contact me for further assistance.

Thanks
Mike Lim
 96929209 
ERA Read More

Hi Lee,

You are not require to pay levy when you purchase the next flat from open market.

Please do note that you are require to cough out 50% of profit from the sale of your current flat to the next purchase if you take up HDB loan.

Feel free to contact me for further queries.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
ERA Read More

Dear Lee,

You can contact me for a detail financial calculation and discuss the sales process and answer any of your enquiris as well.

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More