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Hi Liu Li,

In order to determine you cash proceeds to work out your purchasing budget, you will need to find out further about how much have you utilised from your CPF account for this unit inclusive of interest. This can be done via CPF website. To be eligible to sell your existing unit, you will be required to have fulfilled your Minimum Occupation Period. In addition, with new regulations implemented, PRs are subjected to ABSD for the purchase of HDB as well.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
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Hi Liu Li,

First of all, congrats on your plans for an upgrade.

Yes, as China PRs, you may upgrade to a 4 room in the locations that you have stated. As for how much cash you may get back after the sale, we will need to do a calculation. In order to calculate that, I would also need to know how much CPF you have utilised and we also need to factor in the intereste accrued from utilising our CPF for the house. After that then we can have a proper calculation.

Maybe we can meet up to discuss this further and I can also get the figures to do the calculations for you. I can also take the chance to share with you how I can market the property for you. We will also need to discuss the time schedule for the moving out of the old house and the shifting into the new house as you are looking to sell and buy. Ultimately you will also want to meet the agent who might be serving you right?

I have served many sellers and buyers and many of them are now my friends. They have also written testimonials for me for my service and you may read the testimonials on my website.

Hope to hear from you soon. Thanks.

Best Regards,

Jeffrey Heng
Senior Team Director
ERA Realty Network Pte Ltd
Property Navigators (The #1 Team in ERA for 2009 and 2011)

Mobile : 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

Afternoon Lui Li,

I would need additional information from you so as to help you accordingly:

1) How much CPF have you used for the current unit, including interest?
2) How much loan are you eligible for?
3) Are you aware that you are liable for 5% ABSD if you purchase the upcoming unit?

Do feel free to contact me for discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More