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Asked by eddie 3 Dec 2012

hi. I have sold my 3rm flat 3yrs ago. Am i eligible to take hdb loan if i want to buy a 3rm flat again

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Mike Lim · Answer 1 · 2012-12-03T17:15:36+08:00

Mike Lim

Replied 3 Dec 2012

Afternoon Eddie,

If the unit which you have sold have utilized HDB loan, you are required to pump in 50% of the cash profit if you are looking at purchasing another HDB unit using HDB loan again. If your previous purchase was never done with HDB loan, you are then eligible to utilized your HDB loan option. Do note that you must be SC, earning nothing more than $5k for single and $10k for couple.

FYI
Mike Lim
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