Asked by
How do we upgrade to a condo without touching of our savings? Our current HDB flat is fully paid & met the 5 year MOP. Our combine total CPF in OA is around $150K. Our Liquid Cash is $0. Our combine income is $8,000 only.
0
425 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Robbie Chen Chee Howe
Hi Mugen Fire,

It will depend on the cash sale proceeds you could get from the sale of your current HDB flat, and also the quantum of the condo that you're purchasing.

A minimum 5% CASH is needed for all condo purchase. Hence, if you do not get enough cash sale proceeds from the sale of your HDB flat, you may need to dig into your Cash savings for the downpayment.

I am experienced and well-versed in both private and HDB resale transactions. My area of focus is in Central/Queenstown/Bukit Merah/West region, and I am blessed to have transacted several record-breaking "million-dollar" HDB flats over the past 1-2 years, with many others in the $900k+ range.

I will be able to assist you in your property upgrading plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0
Hi Mugen,

You have been on the Ask Guru for quite a while asking for information.

It probably good to meet up to talk about your needs and have clarity on the questions. You may text 9620 0827  for an open discussion.

Regards
Gavin Read More
0
Hi Mr Mugen, pls kindly contact me at 98216829  for a detailed discussion. Thanks!
Shoan
OTT Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions