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Hi Salleh,

The 50% sale proceeds to be calculated is in this manner
Sale Price
Less HDB loan
Less CPF Refund of Utilized + Accrued Interest
Less Resale Levy

Balance is the sale cash proceeds. 50% of this amount needs to be ported over to your next purchase if you are taking 2nd HDB loan again to right-size the hdb loan.

https://homes.hdb.gov.sg/home/calculator/sale-proceeds

You can use the above calculator as well

So based on the info provided, it should be 50k balance cash you will be taking back. It will be easier to discuss further, I am contactable at 97432395  .

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Good morning,

you can clarify directly with the HDB officer in charge of your sale.

Typically HDB will deduct the levy amount from sales proceeds and balance will be issued in a form of cashier order under the name(s) of all owner(s).

The cashier order needs to be deposited in account or joint account of all owners stated on cashier order.

Hope my sharing aids in your property needs.

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!

Association of Chartered Certified Accountants Graduate
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Hi, the levy will usually be deducted from the proceeds first before it is issued to a joint bank account to the two of you.

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
 97396040 
landonchew@email.com Read More

Hi Salleh,

Are you already purchasing another subsidised property after the sale of current HDB which is a subsidized unit as well?

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Hi Salleh,

If the sale proceeds is 150k, 75k will go towards financing the next house purchase if you are taking a second HDB flat. As for the resale levy, it will be deducted from the balance 75k.

Therefore if the levy is 50k if your current house is a executive flat, your balance sale proceeds will be 25k if you are taking a 2nd HDB loan. Please feel free to contact me so that I can do up the detailed breakdown for you.

Regards,
Nick Tan
(M) +65 96 44 48 54
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Susana (Buyer) Read More

several deductions from the sale price: outstanding HDB loan, CPF used for the flat (including interest), and the resale levy. Basically, you subtract these amounts from the sale price to get the net cash proceeds.

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More

several deductions from the sale price: outstanding HDB loan, CPF used for the flat (including interest), and the resale levy. Basically, you subtract these amounts from the sale price to get the net cash proceeds.

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ” Read More

Hi Sallen,

1) The HDB will deduct anything outstanding that needs to be deducted from your sale proceeds.
2) Your cash receive will be $150k - $50k (levy) = $100k, $100k will be divide by 2 = $50k to pay for the next subsidized flat to reduce the 2nd HDB loan.
3) You will receive $50k in cashier order at the completion.
4) The logic is to deduct all outstanding first before using to reduce your next loan.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
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https://R056727F.propnex.net/
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https://www.linkedin.com/in/ckling/

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