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I bought my HDB 7.5 years ago at $128K
I sold my HDB for $382K + COV $50K (Total $432K).
My CPF used and accrued interest is $160K.
HDB sent second appt letter say net proceeds in cheque is $192K

160 return to CPF + 192 cash = 352K only....

why? where the rest of the money goes?
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4 Answers

Morning Anthony,

I would assume that your salesperson have done the necessary calculation prior to your sales. But if you DIY your own sales, you must have also used the HDB financial computation table to get your figures. Did you add in your arrears and outstanding loan, beside subtracting your CPF OA used and interest?

I believe that should clear your doubts.

Regards
Mike Lim
 96929209 
ERA Read More
1
  • EL
    Thanks Mike, I looked through all the other arrears and possibilities that you suggested... Its HDB. HDB officer made a mistake. the nets proceeds in cheque should be $266K. Luckily we detected and get confirmation of our understanding from experts here and yourself.... thank you~
Hi Anthony,

Calculation of profit and loss is not simply using the selling price minusing off the purchase price and CPF utilised.

You may wish to go to the following link http://services2.hdb.gov.sg/webapp/BB24SaleProceedCalculator/BB24SSaleProceedsCalc to recalculate your sales proceeds.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
1
  • EL
    Mystery solved.. HDB made a mistake... the nets proceeds in cheque is $266K... calculation correct liao. $160 return CPF + $266K cash proceeds, the rest $5 deposit collected upon OTP... Thank you Geryl, the link was really helpful.
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WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.

-----------------------99Years------------------------999Years---------------------->>>

IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.

WhatsApp me at ✔✔ ABLE TOH (65) 9856-9255  or via this link:

https://wa.me/6598569255

Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.

✔✔✔You can READ my REVIEWS here:Able S K Toh

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

For PRIVATE HOME BUYERS

✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge

✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents

DEVELOPER SALES TEAM

✔✔ BEST PRICES ✔✔ NO AGENT FEES

✔✔ LOWEST PRICE GUARANTEED

For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.

✔✔ Connect Singapore Line (ABLE TOH): (65) 9856-9255 

✔✔ WhatsApp: https://wa.me/6598569255
✔✔ Email: Able.selling@gmail.com

---///------
CHINESE VERSION // 中文版本

如需房产相关协助,
包括出租、出售、购买或投资,
欢迎联系我。

✔✔ ABLE TOH/ 诗强(65)9856-9255
WhatsApp:https://wa.me/6598569255

✔✔✔查看我的客户评价:
Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费

发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价

新推出私人公寓资料、电子手册、户型图及价格表,
欢迎随时联系。

✔✔ 新加坡联系号码(ABLE TOH)/ 诗强:(65)9856-9255
✔✔ 电子邮箱:Able.selling@gmail.com

--------------- 结束 / The END ------------------ Read More
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