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Hi I hv a current 4-room flat at admiralty drive, low floor. Outstanding loan w hdb is abt 116k. CPF withdrawal w accrued interest is 247k. Let's say my selling price for my current flat is 360k.. N I got a queue number fm Hdb to select 3-room sale of balance flat at Toa payoh area (shd range fm 280k to 300k) . Reason of change is to stay near parents to take care of kids. Kids studying at toa payoh too. Shd hv housing grant of abt 20k. My selling of this current flat (w CPF refund) able to cover my 3-room new flat? Do i still need to apply loan n top up any cash? I'm not eligible to take on Hdb loan n may hv probl w bank loan too :(.. Any advice? What's the time range do I need to sell my current flat after I confirm buy the new flat. Thanks alot!
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3 Answers

Mike Lim
Replied
Evenig,

Based on the selling price of $360k, outstanding loan of $116k and CPF of $247k, you will have a negative sales of around $5k, after including the legal fee. Looking at the pricing of your BTO unit at $300k, excluding the amount of CPF funds that you might have, you will need to prepare cash of $40k to facilitate the purchase.

Do contact me further for discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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OHMYHOME PTE LTD
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Landon Chew
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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