AskGuru Q&A Community

Afternoon Mr. Wong,

If we managed to sell your property at $330k, you will have $130k back in your CPF and around $200k gross profit.
As for how much the bank is able to dish out to you will depend on your credit record, age and income status.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Mr Wong,

You are likely able to keep your cash proceeds since you'll be taking up bank loan for your next purchase, however, it will be advisable for you to find out from the bank on the amount of loan you can take.

As your requirement is to buy and sell, you'll need to ensure that you have sufficient funds for you downpayment for purchase. Should you require the CPF to be returned from your sale into your account for the purchase, time consideration needs to be made.

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

Hi Mr Wong,

Yes, you are able to get back $200k if you are taking bank loan for the next purchase.

You also need to find out how much the bank willing to loan you. I can ask my banker to give you a call.

Pls call me at 96836230  to discuss further.

Thanks
Ander ERA Read More