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Hi, appreciate your sharing over PropertyGuru, able to do a sale breakdown for you to decide before proceeding next move. Likewise, able to double check with CPF OA on the CPF usage part whether both husband and wife able to match.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More

Hi, it is possible. Do contact me at 97970200  to discuss more.

Mark, your RIGHT choice
Propnex Read More

**Yes, it is entirely doable on paper, but whether you can avoid paying cash out-of-pocket depends strictly on timing and your CPF accrued refund.**

### 1. Estimated Net Sales Proceeds from EC

* **Sale Price:** S$1,550,000
* **Less Outstanding Loan:** −S$720,000
* **Less Selling Expenses:** ~S$35,000 (Agent fee 2% + GST + Legal ~S$3k)
* **Gross Equity Released:** **~S$795,000**

This S$795,000 will be split into:

* **CPF Ordinary Account (OA) Refund:** Principal CPF utilized for downpayment, monthly installments, plus 2.5% compounded accrued interest.
* **Cash Proceeds:** Balance remaining after fully refunding your CPF.

### 2. Estimated Costs to Buy S$850,000 Resale HDB

* **Purchase Price:** S$850,000
* **Buyer’s Stamp Duty (BSD):** **S$20,100**
* **Legal Fees & Caveats:** ~S$2,500 – S$3,000
* **Total Purchase Commitment:** **~S$873,000**

If you take a standard bank loan (e.g., 75% LTV = S$637,500), your minimum 25% downpayment plus stamp duty and fees is only ~S$235,000. Your S$795,000 equity covers this multiple times over. Even if you buy 100% debt-free without taking a bank loan, your S$795,000 equity covers almost the entire S$873,000.

### 3. The Two Traps That Force Cash Out of Pocket

* **The Cash Deposit Gap (S$5,000):**
To secure the HDB flat, you must pay up to **S$1,000 Option Fee** and **S$4,000 Exercise Fee in CASH**. HDB does not allow CPF or sales proceeds for OTP deposits. You must have this S$5,000 cash on hand first.
* **The Funds Completion Timing Trap:**
Proceeds and CPF refunds take **2 to 3 weeks post-completion of your EC sale** to reach your bank and CPF OA. If you purchase the HDB flat before your EC sale completes, you cannot touch those proceeds and will be forced to take a temporary bridging loan or inject cash.

### Solution

Complete your EC sale first, request a **3-Month Temporary Extension of Stay** from your buyer, and sync the HDB completion so your CPF and cash proceeds flow directly into the purchase without a single extra dollar out of pocket.

---

Gan Eng Joo Onassis 颜荣裕, REALTOR®

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Proper calculations need to be done for this to happen. We need to know what your outstanding loan is for the EC, to work out the cash proceeds in order to determine if you can cover the purchase of the HDB entirely using your cash proceeds from the sale of your EC.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it is doable.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Sir/Mdm,

Yes it is possible to use the sale proceeds of your EC to fully purchase the HDB flat. In this case, we will need to plan the timeline properly so that you sell your EC first and then purchase the HDB flat. In order to transit smoothly and seamlessly, we will also need to ask for extension of stay for your EC buyer.

I have assisted my clients in the same situation to transit smoothly from a private property to a HDB flat. Please feel free to contact me so that I can understand your situation better and explain to you step by step on how to plan the sale and purchase.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023/2025

WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1

Visit my website to get to know me better:
www.nicktan.com.sg

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Testimonial from my Clients

I would like to express my sincere appreciation for the excellent work you have done in managing both the sale and purchase of my condominium.
Throughout the entire process, you demonstrated strong market knowledge, professionalism and attention to detail. Your clear guidance at each stage — from pricing strategy and marketing, to viewings, negotiations and completion — gave me confidence and made what could have been a stressful experience very smooth and well managed. I am especially grateful for the way you coordinated the timelines between the sale and the new purchase, ensuring everything proceeded seamlessly. Your responsiveness and willingness to address my questions promptly were greatly appreciated. Thank you once again for your dedication and support. I am very pleased with the outcome and would be glad to recommend your services to others seeking a reliable and professional housing agent.
Jane Chng (Homeowner and Investor) 2026

Nick is THE absolute best agent, guide to navigating the property market in Singapore. From selling to buying, he manages to get the absolute highest when selling and negotiators to the absolute lowest when purchasing. (So double win for me!). In fact, I bought my new home at the absolute lowest transaction across all the transacting homes. Most agents would just give vanilla advice, he puts scrutiny into every potential choice we were making by advising potential gains, rental yields, back up plans. I think we went through a whole list of more than 20 + before narrowing down to a few high potential properties! Super responsive to our questions and handheld us through the process and even answered questions in the middle of the night. Would absolutely recommend working with Nick for anyone looking to buy, sell or just advice!
Kenneth (Seller and Buyer) 2025

Nick was introduced to me by a friend who learned that my previous property agent wasn’t meeting my expectations. During our first phone call, Nick quickly grasped my concerns and provided a detailed financial plan the next day. Since switching to Nick, selling my house has been much more relaxed. His virtual tour and informative fact sheet eliminated the need for my family and me to be constantly present for viewings by unsuitable buyers.
Nick was invaluable in purchasing my next property. He sourced units within my budget and analysed price trends of condo projects I was interested in. With Nick’s assistance, the buying process was seamless, and he expertly coordinated the sale of my current unit with the purchase of the next. Kudos to Nick for his outstanding service and advice!
Eileen Chen (Seller) 2024 Read More

Hi,

1) Sales proceed = Sale price - outstanding loan = $830k
2) You wish to buy an HDB flat costs $850k.
3) You can see from the above simple calculation that it is obvious not match.
4) If we loop in expenses such as seller's agent fees, legal fees, buyer stamp duty, misc, etc. The gap will become wider.
5) Buyer stamp duty is $20.1k for a property of $850k.
6) The gap between selling and buying is around $60k.

All The Best!!!

I hope the above answers your main concerns. If you have more questions, please feel free to contact me at 9011*0636 or email ling.ck7@gmail.com for more information.
I'll be glad to assist.

Best regards
Ling CK
9011 * 0636
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/ Read More

Hi

Sale price 1550000
Less home loan 720000
Less legal fees 2000
Less agent success fee 2%+gst 33790

Balance total CPF refund + sale cash proceeds total about 794k

Not sufficient to cover buy price of 850k, and that's excluding buyer stamp duties etc.

You might want to target higher sale price or go for lower purchase price.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans over the years. Please reach out to me at (65) 9 7 4 3 2 3 9 5 for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng
ERA Senior Marketing Director
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Good day to you.

The net proceeds from any sale are determined after paying off existing mortgages, legal fees, and any other outstanding amounts. According to your question, the amount before these expenses is $830,000, while the budget allocated for the upcoming purchase is $850,000. This discrepancy is unfavorable in any transition, so I recommend carefully reviewing the proposed plan to ensure you don't find yourself in a difficult position.

Navigating a property transaction can feel overwhelming, especially when it intersects with major life events.
With over 15 years of experience as a property consultant, my role goes beyond market knowledge — it is to provide clarity, structure, and peace of mind through complex decisions.

I regularly assist clients with sensitive and non-standard situations, including:
• Divorce & Asset Settlement — guiding parties toward fair, practical outcomes for shared properties
• Intestate & Estate Planning — helping families navigate inherited property and future planning with confidence
• Complex Property Matters — including cases involving Lasting Power of Attorney, bankruptcy, or special circumstances

If you’re seeking clarity rather than pressure, I’m happy to have a conversation to understand your situation and outline possible next steps.

Mike Lim
CEA Reg No: R026708F | ERA
WhatsApp: https://wa.me/message/VCDD3MUYRD3JP1
Email: m52i@yahoo.com

If you’d like short, educational breakdowns on common property questions, you may also find these helpful:
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Hello! Based on the numbers you shared, this should be completely doable :D

I recently helped a buying make the same transition from a condo to a HDB with near $0 cash outlay, and would be happy to help you do the same!

Meanwhile, my framework also got the clients the highest price and fastest sale for their condo, while securing their dream HDB at a great price even though there were 10 other competing buyers.

I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions.

Please drop me a message via my contact details below and we can chat further!

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

✔1 Check the outstanding EC loan to calculate the net sale proceeds and confirm whether they can fully cover the HDB purchase.

✔2 Sell the EC first and plan the HDB purchase carefully to ensure a smooth financial transition.

✔3 Arrange an extension of stay for the EC buyer to allow sufficient time for a seamless move.

“Great things are done by a series of small things brought together.” — Vincent van Gogh

WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.
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I would be glad to assist you.
Feel free to contact me at
wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

Hi, 1.55mil - 720k, you will have sales proceeds of $830k, buying a hdb value $850k, you need to fork out cash/CPF OA.

Contact me for a consultation.
HDB, New EC, Resale Condo, Landed homes.
Well versed in complicated case like estate sale, divorce case etc.

Mei Foong 8938 7686 
CEA Reg. No: R063413E Read More

Hi,
I would be glad to assist you.
Feel free to contact me at
wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More