Hi Summer,
This will all depends whether do you need the cash proceed from the sale of your current EM, to pay for your 5i? As this will be your 3rd purchase, you will need to take private bank loan. Thuse 5% must be in cash. Don't forget the COV, which also have to be in cash portion. Unless you have the financial, you can buy first sell later. Otherwise, with this in mind, is better you sell first. Have your sale proceed refund to CPF and cash if any, then temporary you must have an alternative place to stay, and look out for your 5i.
No levy if you buying from resale market.
Theoretically, you should be paying less in installment, considering is a downgrade, and that you cleared all your CPF for your next house. As bank interest are also low currently, and depending on the number of years you took for loan, it should be lower.
Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss
at your convenient time and place.
Thank you & Best Regards
J.A.Goh
HP:
9639 0350
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg
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