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Hi. My question is i am thinking of selling my 5 room in chai chee rd and buying a 5 room in pasir ris tampines or simei. My existing loan to hdb is about 150,000. I bought this flat for 505,000 before 40,000 grant for having my parents live in with me.This flat is about 20 yrs old and i have been living in this flat about 12 yrs. My intent is to pocket an estimate of $40,000 from the transaction. Is this possible? The new flat should be near a mrt.
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2 Answers

Mike Lim
Replied
Evening,

I have recently managed to sell a unit at Blk 80X at $660k, which is located on higher floor. Assuming that you are getting the same selling price and purchasing at 5 room flat at $600k, to pocket $40k cash should not be an issue if you managed to get 80% loan.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Joanne Chia 谢诗琳
Replied
Good day boss

May i serve your housing needs ?

I charge a very friendly commission rate of 1% only for exclusive selling rights to your property.

The new mortgage service ratio of 30% of your mthly salary may affect how much the bank can loan u for buying the next flat - assuming bank is able to grant u a 80% loan. Age n income can affect the amount of loan granted.

Call me to discuss further. No obligations at all.

Joanne chia
Huttons real estate
Hp 83333327  Read More
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