2 Answers

Geryl Lim
Hi EM,

Your current Jurong West Executive unit is an EA? I suppose you should be able to look at above $500k easily. As you will be doing buy-sell transaction, depending on whether any ECF is involved, your cash up front is likely to be the $5000 for deposit up front and the remaining of the 5% of purchase price minus off the $5000 paid earlier in cash and remaining 15% of the 1st 20% deposit in CPF, if you are taking a bank loan.

If you are using the ECF, there'll be different arrangements as you will be utilising 50% of your cash proceeds from the sale of your executive unit to pay for the new unit.

Need further assistance?

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More

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Ander Ang
Hi EM,

Based on your limited info, it is difficult to calculate the amount you need to fork out. Because when you sell your EA, part of the sales proceed need to go back to CPF and also to clear any outstanding loan.

It is important to do a detailed financial calculation before proceeding.

I stay in JW near pioneer mrt. You may have seen my flyers around at your doorstep or letterbox.

I would like to assist in your selling and buying.

Please call me at 98628691 to discuss.

Thanks,
Ander ERA Read More

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