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Hi,

It depends on the transaction price of both of the units you sell & purchase. Usually, doing an upgrading will result in minimal cash proceeds. But if your CPF OA is substantial and still can get a high amount of loan, you can unlock more cash proceeds while doing the transactions.

Thanks and may I have more details so to make better recommendations? Hope to have the opportunity to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Happy lunar new year to you, Mr Kong.

It might be possible especially you have substantial CPF OA funds available for use and if you want to take max loan. But it will be better for me to draft out a detail financial plan to see whether is it feasible.

Sale:
1) Unit address to estimate sales price
2) utilised CPF OA funds plus accrued interest to calculate your sales proceeds

Purchase:
1) your preferred location

For expenses:
- Sale
1) resale application $80
2) legal fees
3) agent commission for sale (2% plus gst)

1) $5000 option deposit
2) valuation $200 for purchase
3) $80 resale application
4) legal fees
5) agent commission (1% plus GST)

Hope my sharing is beneficial to your property upgrading and possibility to unlock cash from sale.

Do share more with me so I will be able to value add further in your property needs.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Mr Kong,

It'd depend on how much principal and interest you need to return to your OA, your selling price, and where you intend to purchase the 5-room/EA, and your income which will determine if you can get maximum loan.

I do have both 5I and EA on hand at different locations, feel free to call me for more information.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi Mr Kong,

It depends on how much cpf+accrued interest you need to pay back into your OA account respectively. As to how much cash you can get, i will need to sit down with you to do a financial calculation as more information is needed from you.

Feel free to contact me for further discussion.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330  Read More

Evening,

Firstly, we would need to know where is your current unit located and which estate you are looking into.
Secondly, we would also need to know how much loan you can get, based on your current income and credit status.
Lastly, it would also be good to know if how much CPF OA both of you have in hand.

Do contact me further should you require my assistance.

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

Hi Mr Kong,

First of all, which is the area that you are selling? Different estate fetch a different price and which area are you looking to purchase too?

Secondly, are you looking at full 80% loan, or will use part of your profit to pay for the next property too?

Do ask an agent to go up to your place to help you do a full financial calculation, before you make your next decision.

Regards,
Sim Lenghua
 9853 2365  Read More