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Hi, my husband and I own a 5 room flat in punggol.we bought our resale flat and used our cpf grant.we will reach our mop of 5 years in 2014.We are planning to sell our house and upgrade to 3 bedroom EC.How many % cash we need to make payment of EC after we sell our flat?we hope not to use cash that much.possible?
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1 Answer

Mike Lim
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Evening Emma,

Upon selling your HDB unit, you are eligible for 80% loan. Hence 5% have to be cash will 15% will be mixture of cash and CPF. However, to calculate the actual of cash required, it would depend on your purchase price, loan amount and how much CPF you have.

FYI
Mike Lim
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