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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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2 Answers

Mike Lim
Replied
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
 96929209 
ERA Read More
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Andrew Ngauw
Replied
Hi Emma,

Below will summarise the financials for booking at EC:

Booking upon unit selection - 5% cash

Exercise S&P - 15% cash and/or CPF

Stamp Duty / Lawyer Fee - Cash and/or CPF

Followed by up to 80% loan from the bank, depending on your income and credit assessment.

Feel free to drop us a call to discuss further should you have any further queries or clarifications required.

Thank you

Andrew Ngauw
 8188 8887 
GPS Alliance Read More
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