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hi, i would like to sell my flat to upgrade to a 4/5rm flat. now my area valuation for 3rm flat is around 315k. i bought my flat for 115k. how much will i get from the sale of my existing flat? the profit of 200k will b credit all to cfp to offset my new flat or will i be able to get 200k cash or partial only? thanks
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4 Answers

Afternoon Mr. Wong,

IF you were to sell your current unit at valuation, your cash profit will be the selling price - Outstanding Loan - CPF used - Interest. Unless you have paid your unit 100% by cash then you will get the $200k profit, after the sales, excluding the necessary expenses.
If you are talking about upgrading, other expenses and cost will come into the picture.

Do feel free to contact me for detail discussion.

Regards
Mike Lim
 96929209 
ERA Read More
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Dear Mr Wong,

The sums are not as straightfoward as it seems. To be absolute in giving you the right advise, there are still a few questions to clarify with you before I can advise how you may use the proceeds, but for sure, only whatever it used from CPF to finance your existing unit will be credited back into CPF together with interest.

Let me know if I am honoured to help you further.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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Johnny Goh Mui Huat
Hi Mr Wong,

The detail that you have provided is not sufficient, may I request that we meet up and I will work out a detail financial plan for you. With this report, we will able to have a clearer picture of the figure.

Hope that I had answered your question.

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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Hi Mr Wong,

You may wish to contact me for a non-obligatory discussion on the financial calculatioins.

Steven Chua
ERA
Mobile : 8188-3133  Read More
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