beannie 0 Report post Posted August 15, 2010 Intend to get a 3room after divorce, however, has some doubts. 1) Am I still entitled to have HDB loan or only through Bank loan? 2) If selling in a lost, do i have to pay levy back if to get a 3room? 3) If selling with some profit (Cash), do i have to pay levy back if to get a 3room? 4) What is the market rate of COV now (near MRT or not near MRT) Share this post Link to post Share on other sites
Plastic3 0 Report post Posted August 15, 2010 (edited) Intend to get a 3room after divorce, however, has some doubts. 1) Am I still entitled to have HDB loan or only through Bank loan? 2) If selling in a lost, do i have to pay levy back if to get a 3room? 3) If selling with some profit (Cash), do i have to pay levy back if to get a 3room? 4) What is the market rate of COV now (near MRT or not near MRT) 1] If you have only taken 1 HDB loan, you are allowed to take 1 more 2] Not likely to sell at a loss at current moment 3] If you are taking a 2nd HDB loan, you're required to use part of your cash proceeds from the sale to pay for your new HDB flat 4] $20k - $50k (depending on location) Edited August 15, 2010 by Plastic3 Share this post Link to post Share on other sites
therat 18 Report post Posted August 16, 2010 Intend to get a 3room after divorce, however, has some doubts. 1) Am I still entitled to have HDB loan or only through Bank loan? 2) If selling in a lost, do i have to pay levy back if to get a 3room? 3) If selling with some profit (Cash), do i have to pay levy back if to get a 3room? 4) What is the market rate of COV now (near MRT or not near MRT) 2 & 3) If you plan to take grant for the resale 3rm HDB and your previous HDB is a direct or subsidised HDB. Yes, you need to pay levy regardless is selling grant or loss. HDB don't care whether you has profit or not. They only go by their "book" read this Resale levy Base on my understanding resale levy is pay by CASH Read Eligibility To Buy Divorce single , only can buy HDB if above 35 yrs old . Under Single Singapore Citizen Scheme Divorce with children, can buy under Conversion Scheme and provided the child is under your legal custody, care and control For the COV, depend on area Share this post Link to post Share on other sites
delirious_jeff 0 Report post Posted August 16, 2010 Sorry about the divorce. Note that Resale Levy is 50% for the divorced individual. Suppose total levy is 40k, you shall have to pay 20k. Share this post Link to post Share on other sites
