Can someone explain this to me?

Jlimkw SG

Taken from HDB website.

You will have to use up to 50% cash proceeds from the sale of the immediate past HDB flat and all of the CPF balance to finance the purchase of the next flat. This will apply regardless of when you sold the previous HDB flat.

The underlined words means can only use up to, or what?

Advice much appreciated. Thanks.

ditzy SG

That means if you sold a flat to buy another one, you have to use 50% of what you made from selling it to buy the new one lor.

the_fallen SG

add-on: 50% of the cash gain on the sales of the hdb flat + the balance left in your CPF to pay for the new flat.

since the underlined text is up to 50%, you can choose the difference of paying up more using CPF or cash according to different ration of CPF: CASH..

if your CPF got lots of money..you may be able to make it 40%:10% from cpf and cash respectively for your new purchase of hdb flat.

clarify it with the cpf staff if you need clearer answer.