3 Answers

Ivan Ng

Your sales proceeds will go toward paying your outstanding loan and also to put back your CPF utilized and accrued interest, pay your outstanding upgrading fees if any and commission. The balance amount (your cash proceeds) if any, can be used to pay for the next flat purchase. Whether you need to top up any amount for monthly installment by cash depends on the type of loan you and also the amount of loan you get. There are a lot of assumptions we have to do here. May I speak to you to understand your requirements further?

Aside from that I might have an upcoming HDB 5-room for sale at compassvale area now, near MRT, might you be keen for details? I happen to be in the area often, may I meet up with you to clear your doubts at one go? Thanks and hope to hear from you soon!

Warm regards,
Ivan ERA
Ivanng10@gmail.com Read More


Geryl Lim
Hi Joel,

You will require detailed financial planning for this upgrade. Judging from the outlook of your outstanding loan and your estimated selling price, your cash proceeds after deducting away the CPF utilised with accrued interest and any other miscellaneous fees does not look very healthy, therefore it would be good to find out an estimated figure of what you can loan either through HDB or banks. Take note that should you decide to make use of HDB loan, you will be required to set aside part of your cash proceeds for the next unit purchased. It will be great to sit down together to work out the plans.

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Geryl LIM
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Jeffrey Heng
Hi Mr Joel,

Thanks for your post in Propertyguru.

For yor scenario, in order to be able to do a more accurate calculation, we will need more information such as the CPF used plus interests, outstanding loan and also whether do you wish to take a loan or not and whether is it bank loan or HDB loan. All these entities will make a difference to the figures.

If you are fine, then maybe I can suggest for us to meet up for a discussion. No worries as there are no obligations and we can also just take it as a chance for me to answer any other questions that you may have. Of course most importantly I will do the calculations for you so that you can have a better idea of what to expect.

May I also request for you to pay a visit to my website, www.jeffreyheng.com , as my clients over time have left some testimonials for me on my website and you can take a look. I was also very honoured to receive the SAEA Best Client Service Silver Award this year. I believe I will be able to provide some sound advice to you for your future plans.

Looking forward to hear from you soon! Thanks.

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
SAEA Real Estate Excellence Award Nominee - Best Client Service

Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More