{"id":19785,"date":"2022-12-12T13:49:52","date_gmt":"2022-12-12T05:49:52","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=19785"},"modified":"2023-10-23T18:05:06","modified_gmt":"2023-10-23T10:05:06","slug":"hdb-second-timers-before-sell","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/hdb-second-timers-before-sell\/","title":{"rendered":"What an HDB second-timer must know before deciding to sell"},"content":{"rendered":"
<\/div>\r\n

Say you\u2019ve been living in your first HDB flat<\/a> for five years now (or more), and you\u2019re thinking of selling your flat to get a BTO<\/a>\/SBF<\/a> or resale flat<\/a> (or upgrade to a new EC<\/a>). In an ideal scenario, you\u2019d profit from your first flat, put some of that cash towards your second flat, and put the rest in the bank for a rainy day. Unfortunately, things are not quite that simple for the HDB second-timer.<\/p>\r\n\r\n\r\n\r\n

There\u2019s your resale levy<\/strong> to consider, plus the fact that your sale proceeds have to go back to your CPF account<\/strong> before you can take out any cash. In this article, we break it down for you.<\/p>\r\n\r\n\r\n\r\n

But first, who are considered second-timers?<\/h2>\r\n\r\n\r\n\r\n

HDB considers second-timers as those who have bought their HDB flat through either of these routes:<\/p>\r\n\r\n\r\n\r\n