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hi, I'm a 39 year old single financing a EA with my siblings with my parents as occupants. My family is considering buying a new 4R flat from HDB and I a resale 3R flat on my own. If our selling price is higher than what we owe CPF/HDB (including interest), will the difference be paid out to us in cash? thanks!
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2 Answers

Mike Lim
Replied
Afternoon Ms. Ong,

Cash Profit from Sales = Selling Price - Outstanding Loan - Total CPF Utilized + Total Accrued Interest
The cash profit will be paid out to the owner/s of the unit, in terms of cheque, upon completion of the sales.

Do feel free to contact me for further assistance.

Thanks
Mike Lim
 96929209 
ERA Read More
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Choo Jia Ming
Replied
Dear Miss Ong,

Let us sit down together to review your expected selling price and the buying of your next flat for both yourself and your family. Most Important is to have a shelter over your head after selling your curretn EA

I hope to hear from you soon

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More
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