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Hi Gurus, I intended to sell off my 4NG with recess area total of 100sqm, located at Jurong west ST41 blk481, Like to know how much can i sell as i got intention in getting BTO. Secondly, some calculation adivse. Bought at $210k, left over mortage $120k, and cpf topup of total $114k. Is the left over taken in cash? left over mortage loan of $120k is to HDB? When is the time i need to pay the resale levy of $40k?
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2 Answers

Mike Lim
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Morning Yip,

The current valuation on your unit is around $370k, with COV asking of around $25k to $35k. Let's assume your selling price is $395k, your profit from sales is around $160k, in cash.
Payment of resale levy depends on whether you are selling of your current unit first or after collection of the keys to your BTO unit.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More
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Andrew Se
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