Should you purchase a new HDB flat after selling the existing one, and choose to take up a second HDB loan, you will have to allocate up to 50% of the cash proceeds from the sale of the old HDB flat to purchase the next flat. Conversely, should you purchase a new HDB flat after selling the existing one, and choose to take up a bank loan, there are no restrictions on how much of the cash proceeds you have to set aside for the purchase of the next flat.
Overall, these factors of consideration have to be taken into account when buying your new house. You will have to evaluate your lifestyle choices, your approach to risk management, and your financial status to determine the first step of your property purchase story.
Sounds too complex for you to make a choice between HDB loan or Bank Loans, contact our team of Mortgage Specialists to assist you with making the right choice to suit your needs.