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I have 100000K in OA CPF, SA at 80k & MA 41k intend to buy 3 room corner flat at Yishun. I will be 50 yrs of age this April 2012 & officially retire in 5 yrs. Presently, staying in 5 rm i Tampines St 33 (resale, corner & low floor).Pls advice what are the proper procedure to be done/any new regulation/banks loan/agent fee/is the property will stabilise next year/whats the COV expected. Presently, no loans taken frm any banks or car, except my outstanding mortg for my HDB.
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1 Answer

Mike Lim
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Evening,

The current estimated valuation for 5 room flat in Tampines St 33 is around $455k to $470k. The COV asking is around $30k to $50k.
You can calculate the estimated profit by deducting your outstanding loan, CPF used + interest and any other misc expenses.
Whatever CPF you have used for your current unit will be returned to your CPF account. As for your upcoming purchase, it depends on whether you are looking at bank or HDB loan.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
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