Another question: in order not to result in negative sale, I have to sell at $290000 the minimum (after return CPF + accrued interest). Suppose if I do get to sell it at $340000, then I buy another HDB resale flat at say $300000, does this mean I can pay for the new flat in full, meaning I do not have to take up any loan & at the same time I have a profit of $40000 cash? Is this feasible?
1. Based on the recent transactions, $340k is a bit on the high side, but not impossible. It depends on the valuation.
2. If you can sell at $340k and buy another resale at $300k, you will get to pocket the $40k. But you need to take into account stamp, legal and agent fees.
Please give me a call at 96836230 to discuss. I live near pioneer mrt so we can meet up to discuss further.
Ander ERA Read More