AskGuru Q&A Community

Morning,

You can either engage an agent to assist you for the sales, where financial computation will be done for you. Alternatively, you can approach the HDB staff to have it worked out for you.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

I will be glad to assist. May I have the opportunity to work with you, if you have some housing plans? Thanks.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com Read More

Hello!

Good day to you!
I’m Daniel Tan from Huttons.

The estimated nett cash proceeds after the sales of your HDB can be calculated:

Nett Cash Proceeds =
Sales price - Outstanding Loan - CPF (Drawn down CPF funds + Interest) - Misc fee (Legal fees/ Resale application/ Agent fees/ Others).

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd
 (+65) 94775100 
daniel.tck@outlook.com Read More

HI there, to calculate the Net Profits from the Sale of your HDB:
Sales price - outstanding loan - all owners CPF principal used and accrued interest

If you require an agent to assist you with the Financial and Timeline Planning of the Sale of your unit, do reach out to us at 9727 1009  , or email us at hello@ohmyhome.com and we'll fetch the optimal value for your property. Check out: https://ohmyhome.com/en-sg. Our rates are 1% of the Sales Price + GST, one of the lowest in the market. We will assist to
-Aggressively market across 7 major platforms (E.g. Property Guru, SRX, 99.co, etc.)
-Exclusive posting on our Ohmyhome app which has more than 200,000 active monthly users
-Buyer match AI algorithm to match buyers to your property in real-time

Our track records that we sell 50% of our deals in under 7 days and on average all deals in 55 days which is 2x faster than anyone in the market. 73% of the units sold by our Ohmyhome agents are above the market average, potentially increasing our Seller's profits by $50k

Let me know if you want to find out more! Read More

Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

To calculate your net profit after selling your HDB flat, you need to consider the following factors:

**1. Selling Price:** The price at which you sell your flat.

**2. Costs Incurred:**

* **Outstanding Home Loan:** The amount you still owe on your HDB loan or bank loan.
* **CPF Refund and Accrued Interest:** The amount of CPF used to purchase the flat, including accrued interest, must be refunded to your CPF Ordinary Account (OA).
* **Property Agent Commission:** If you used a property agent, their commission will be a percentage of the selling price.
* **Resale Application Fee:** A flat fee payable to HDB for processing the resale application.
* **Legal Fees:** Fees paid to your lawyer for conveyancing services.
* **Other Expenses:** This may include repair or renovation costs incurred before the sale, as well as any penalties for early termination of your existing mortgage.

**Calculation:**

Net Profit = Selling Price - (Outstanding Home Loan + CPF Refund and Accrued Interest + Property Agent Commission + Resale Application Fee + Legal Fees + Other Expenses)

**Resources:**

* **HDB Sale Proceeds Calculator:** Use the HDB's online calculator to estimate your net profit based on your inputs: [https://homes.hdb.gov.sg/home/calculator/sale-proceeds](https://homes.hdb.gov.sg/home/calculator/sale-proceeds)
* **Consult a Property Agent:** An agent can provide you with a detailed breakdown of the estimated costs and net profit based on your specific circumstances.

**Example:**

Let's assume the following:

* Selling Price: S$500,000
* Outstanding Home Loan: S$200,000
* CPF Refund and Accrued Interest: S$150,000
* Property Agent Commission (2%): S$10,000
* Resale Application Fee: S$40
* Legal Fees: S$3,000

Net Profit = S$500,000 - (S$200,000 + S$150,000 + S$10,000 + S$40 + S$3,000) = S$136,960

**Important Note:** This is just an example, and your actual net profit may vary depending on your specific circumstances. It's essential to get a detailed breakdown of all the costs involved to accurately calculate your net profit.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More