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Hi Guru,
Please help enlighten about negative sale. What will happen of below scenario.
selling price $570,000
minus bal loan $160,000
minus cpf + accrued int $440,000
negative sales of $30,000
present cpf balance in OA $80,000
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2 Answers

Kelvin Ng
Replied
Hi if i am not wrong,

the cpf portion part will be written off as bad investment.

do check with cpf on this . Read More
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Mike Lim
Replied
Afternoon,

With your case, this is what you will get:

$570k - $160k - $440k = $-30k

With such cases, you will have you loan cleared but the CPF returned to your CPF account is only $410k, instead of $440k. This is normally known as CPF lost.

FYI
Mike Lim
 96929209 
ERA Read More
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