Asked by Anonymous
Hi, would like to check the feasibility of selling my current resale 5 room flat (2nd flat) and purchase a BTO flat. Was granted $40k for 1st flat. The sales proceeds calculation:
Resale Price: $440k
Outstanding loan with bank: $127,208
CPF utilised plus accrued interest: $335K
Resale levy: $40k
Balance proceeds comes up to: -$62,208 (negative sales)
Resale Price: $440k
Outstanding loan with bank: $127,208
CPF utilised plus accrued interest: $335K
Resale levy: $40k
Balance proceeds comes up to: -$62,208 (negative sales)
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