3 Answers

SQ Raudha
Dear Janet..

We will have to do a calculation for you.Based on the recent transacted price of a 4room hougang. Do call me at 81134767 for a non-obligatory enquiry and meet up.
Im SQ Raudha from ERA. Read More


Geryl Lim
Hi Janet,

A quick guide of your cash proceeds from sale of your 4rm unit will be the amount of CPF utilised for servicing your loan of this unit including interest deducting away from the final selling price of this unit.

It will be great if I am able to know more about your existing unit to be able to estimate more accurately as well as details of your target purchase and any intentions to take up any housing loan for your purchase.

Feel free to contact me via my mobile or email for further discussions.

Geryl LIM
CEA Reg No R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More


Johnny Goh Mui Huat
Hi Janet,

The calculation is quite simple, the formula is
Selling Price – Amount to return to CPF with incurred interest = Cash Proceed

If you had been using CPF to pay your monthly installment, you need to factor in the CPF amount used. For exact amount of CPF to refunded, I advise you to check with CPF board. You can also log in to check using Singpass. Go the My statement and then property.

Below are some others charges that need to be deducted from your cash proceed.
1) Agent fee = approx $6000 (based on 2% of selling price, pay during completion)
2) Admin fee = $80 (pay during resale submission)
3) Legal fee = approx $300 (pay on 1st appointment)

However, please take note that if you intend to take HDB loan for your next property, 50% of your cash proceed will be used to purchase the flat, that mean you will be left with balance for the COV, renovation and agent fees etc.

And if you are taking bank loan for the next purchase, you will need to put in 5% of valuation in cash. So, assume you buy 1 property valued at $400,000. You need to put in $20,000 cash, so you will be left with balance for the COV, renovation and agent fees etc.

Hope I had answered your question.

Please contact me so that I can you draw out a detailed financial plan and advised you on others matter related to the transaction.

Thanks and Regards
Johnny Goh
Group Director
Dennis Wee Realty Pte Ltd
CEA registration number R018297H
Mobile: 90906267
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More