AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Sold 1st HDB resale flat with concession hdb loan 9yrs ago. Divorced right after sale. Now planning to buy resale under singles scheme. Understand I need to pay back 50% of proceeds if I want to take 2nd hdb loan. However as it is 9years ago, I cannot recall how much cash proceeds and lost all the documents. 1) Anyone can advise where do I get the statement from? 2) Since already 9years, do I still have to pay back 50% of cash proceeds?
0 •
82 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Ivan Ng
Replied
Hi,

You should be able to retrieve the information with a call to the hdb resale hotline, with the sold property details, as they have a record of all the information. Yes for a 2nd hdb loan, 50% of sale cash proceeds need to be set aside for the next hdb purchase with 2nd hdb loan.

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

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions