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Morning Marc,

By selling your HDB unit to purchase new EC, have you considered alternative accomodation during the waiting period?

To calculate your cash profit and amount of CPF + interest that will be credited back into your account, I would need to gather more figures from you.

As for the CPF minimum sum, it's only required if you are purchasing second property which utilize CPF as mode of payment or when you have reached the aged of 55.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Marc,

To calculate your proceeds, we will need to first establish what is your outstanding loan amount as well as the CPF utilised for your current place with interest. Thereafter, we will need to look into if you need to pay any additional fees like upgrading costs for our estate and etc. You may actually do these calculation yourself at HDB website. As for retaining a minimum sum in your CPF, Mike has already explained the criteria to observe.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More