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Under HDB resales the housing loan still ongoing & HDB wish to en block & place under SERS do owner still need to topup if existing resales flat is 3 or 4 bedroom & replacement SERS scheme
If need to topup can hdb offer cpf housing grant again
As I'm referring to the news weblink below
https://www.channelnewsasia.com/singapore/woodlands-checkpoint-expansion-hdb-blocks-marsiling-acquired-sers-residents-compensated-2708446
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3 Answers

Good day to you,

For the HDB en-bloc process, HDB offers a comprehensive package designed to assist you throughout the transition. This package includes:

1. A compensation package for your current unit, calculated based on its market value at the time of the SERS announcement. This compensation can be effectively used to offset your existing loan balance.
2. A Deferred Payment scheme for your replacement unit, allowing you to delay payments until you collect the keys.
3. An HDB SERS Grant of $30,000, which provides valuable financial support to ease the purchasing process for your new unit.

It's important to note that the CPF Housing Grant does not apply to financing the SERS replacement unit, even for first-time buyers. With the compensation amount and your CPF savings from both your current unit and your CPF Ordinary Account, you can plan to secure a loan for any remaining balance. This approach will ensure a smoother transition into your new home.

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1. **Compensation Package**: HDB provides a market-value compensation for your current flat, which can be used to settle your outstanding housing loan and reduce financial strain during the transition.

2. **Deferred Payment Scheme**: For the replacement flat, HDB offers a deferred payment option, allowing you to delay payments until the keys are ready, easing immediate financial pressure.

3. **SERS Grant**: A $30,000 SERS grant is available to help cover costs for the new unit, providing additional financial support beyond the compensation package.

4. **CPF Housing Grant Inapplicability**: CPF Housing Grants are not applicable for SERS replacement flats, even for first-time buyers. However, your CPF savings and compensation can be used to fund the purchase.

5. **Loan Planning**: Any remaining balance after using compensation and CPF savings can be covered through an HDB loan, ensuring a seamless transition to your new home.

6. **Flexible Replacement Options**: You can choose a replacement flat of similar or different size, depending on availability and your needs, with HDB guiding you through the selection process.

7. **Financial Counseling**: HDB offers financial counseling to help you plan and manage your finances effectively during the SERS process.

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Do you mean top up the difference in terms of the price that HDB has acquired your place versus your newly replacement unit under SERS?

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