Right-sizing the quantum for a second HDB concessionary housing loan
The quantum for the second HDB concessionary housing loan will be reduced by the full CPF proceeds and part of the cash proceeds from the disposal of the existing or previously owned HDB flat. This facilitates financial prudence and prevents over-borrowing.

The manner of disposal can be by way of sale, transfer, surrender, or compulsory acquisition.

HDB reserves the right to determine the amount of proceeds to be deducted, depending on the existing/ past flatís manner of holding, or the provisions of any court order relating to the disposal/ division of the flat.

Generally, flat buyers can keep the greater of $25,000 or half of the cash proceeds (including the cash deposit received), and HDB will take into account the remaining part of the cash proceeds when determining the quantum of the second HDB concessionary housing loan.

http://www.hdb.gov.sg/cs/Satellite?c...ermode=preview