AskGuru Q&A Community

Morning Mike,

Only you will know how much need to be returned to CPF as I do not have access to your CPS account. Hence it's hard to estimate the possible cash proceed till we meet up for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Mike,

U can log in to CPF website to check what's the CPF that needs to be refund.

Do feel free to contact me if you need further assistance.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
CEA Reg No: R007702C
H/P: 9323 3330  Read More

estimated resale price

minus
1. outstanding loan
2. cpf paid with interest (check your statement)
3. upgrading (if any)

amount = x

if u take 2nd hdb loan, yr cash return will be x/2 as half the cash must be paid for the new unit.

86175274
Sharique Tan Read More

Hi Mike,

For the cash proceed calculation:

Estimated Sale price 5Rm flat less

(i)CPF used for current flat - you will need to check your CPF withdrawn for public housing inclusive of accured interest taking for purchase of your current 5Rm flat
(ii)Outstanding HDB loan
(iii)lawyer fee for Bank discharge and conveyancing
(iv)Registration fee submission
(v) Agent fee
(vi)Any outstanding arrear or upgrading fee (if applicable)

Sales Proceed after less above items
can be used for next purchase
If next Purchase is using HDB loan - 50% of the
sale proceed of current flat will be taken for the next purchase.
If next Purcharse is using Bank loan - all the Proceed can be kept by seller.
You can use the CPF returned of your current flat and any balance CPF in your own CPF account for your next purchase.

Please feel free to contact me and we can have a more detail discussion. I had sold some Jurong West flat, so will be delighted to be of service to you.

Thanks and best regards
Richard Lee
 94512262 
Propnex Realty Pte Ltd
Senior Marketing Director Read More

Dear Mike,

You may log on to the CPF website using your Singpass and access the information of amount of CPF to be returned to your OA after the sale of your current unit. Thereafter, we will then be able to work out on your estimated cash proceeds.

Need further assistance? Just give me a call. Thanks for posting your enquiry on propertyguru.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed7772" in Mobile Apps Store or Play Store now!

**Aspiring to be your preferred partner in real estate**

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Dear Mike,

By my estimation, your total CPF used should be approximately $105,000 to $110,000 (inclusive of the $30k grant) so far based on the purchase price. You can check the exact figure via CPF website using your Singapass. This amount will be return to your OA and it can be used for your next purchase.

Therefore, your cash proceed should be approximately $550,000 - $110,000 - $163,000 = $277,000.

Hope that I had answered your question.

I had just helped my client to downgrade his 4A at Blk 816 Jurong West to a 3 room.

Feel free to contact me if you need a salesperson to assist you.

Thanks and Regards
Johnny Goh
R018297H
Team Associate Director
OrangeTee.com Pte Ltd
Mobile: 90906267 
Email: johnny.goh@orangetee.com Read More