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I am the owner of a 5 room flat at Yishun Blk 212. Wish to downgrade to 3 room, looking for same area.
Question: Rough estimation, how much cash I can receive after selling my 5R and downgrade to 3R?
Current loan paid by CPF, outstanding 45k.
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2 Answers

Mike Lim
Replied
Afternoon,

In order to provide you with the required answer, I will need to know the following:

1) How much CPF have being used and what is the current accrued interest?
2) Location of your intended purchase unit.
3) How much loan are you eligible for?
4) How much fund do you have in your CPF OA?

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • KL
    Replied
    Property >>
    Net Amount Used
    223,345.530.00
    Accrued Interest
    35,025.39

    Outstanding Balance $ 42,306.15
    as at 30 Apr 2017
    Statement of Account

    Am I right to estimate
    Selling price $480,000
    Out.cpf loan -$42,400
    CPF utilized -$224,000
    Acc. int. -$35,000
    Cash receive $178,800
    minus others - ???
    At least -$150,000?
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