CyanCyan
Arch-Supremacy Member
- Joined
- Apr 8, 2010
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Hi All,
I know this topic is around for a while, but I am getting a little confuse with really different opinions from many here. Sorry if this is a repeat.
I just get straight to the point and hope for some kind explanation.
I am applying for a new BTO
New BTO costs: $390K
Current HDB sales (future estimated): $450K
No outstanding Loan, current house fully paid
Return to CPF with interest: $300k
OA in CPF more than 90k.
So returned CPF + my current OA is more than enough to pay for the new BTO 100%.
So assume my cash proceeds is $150k, - $40k levy = $110K
My question is, will HDB still take 50% cash proceeds from me to pay the house?
Or based on my situation above that my CPF returns and OA will be more than sufficient to pay for the new BTO and HDB will not touch my cash?
I will sell after i buy.
Many thanks for kind help
I know this topic is around for a while, but I am getting a little confuse with really different opinions from many here. Sorry if this is a repeat.
I just get straight to the point and hope for some kind explanation.
I am applying for a new BTO
New BTO costs: $390K
Current HDB sales (future estimated): $450K
No outstanding Loan, current house fully paid
Return to CPF with interest: $300k
OA in CPF more than 90k.
So returned CPF + my current OA is more than enough to pay for the new BTO 100%.
So assume my cash proceeds is $150k, - $40k levy = $110K
My question is, will HDB still take 50% cash proceeds from me to pay the house?
Or based on my situation above that my CPF returns and OA will be more than sufficient to pay for the new BTO and HDB will not touch my cash?
I will sell after i buy.
Many thanks for kind help