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Hi,

I am considering selling my 5 room resale flat in Sembawang (50x, wellington circle) and getting a BTO near the east region. The resale flat is my first unit, have been staying there for ard 5 years.

I would like to make a profit from it. Is it feasible? and the profit would go to my CPF account or I can get it in cash?

Can I check what are the rulings, issues, levies, etc that I should be aware of? Would I be eligible for a HDB loan?

Thanks in advance for answering.
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1 Answer

Johnny Goh Mui Huat
Replied
Hi Maverick,

Yes, it is feasible. If you are the first time buyer, you will probably get quite a handsome profit from the sale.

The profit will be both in term of cash and CPF. The CPF to be refunded back to your OA is with incurred interest, balance will be in cash. You can login to CPF to check this amount.

You will need to pay resale levy in cash should you decide to buy a BTO, the amount is $45,000 for 5 room.

You will be eligible for HDB loan if your household salary is less than $10k.

Hope that I had answered your questions.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
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