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My HLE is $568400. My current house has a balance of $147896. Our OA balance is 44000. Our cpf refunds are 51406.69 and 53.657 respectively. We are thinking of selling our 4 room flat between 450000 to 480000 and purchase a 5 room flat at 600000. Are we able to get any cash in the end? How much loan will I have to take?
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3 Answers

Mohamed Yaseen
Replied
Hi Zuraidah,
Maybe you can call me for a full financial planning for the sale & purchase of your flat.
I would be able to assist you.
Thanks.

Mohamed Yaseen
Assoc Manager
Dennis Wee Realty Pte Ltd
 8188 6111 
www.yaseen.myweb.sg Read More
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Ander Ang
Replied
Hi,

Based on your numbers and assuming you sell your 4rm at $450,000, you should be getting back:

$450k - $147,896 - $51407 - $53657 = $197k

However, since you are taking HLE, thus i presume you are taking your 2nd HDB loan.

Recently, HDB came up with this right-sizing of 2nd HDB loan to encourage financial prudence. Thus, you can only keep $25k or 50% of cash proceed whichever is greater.

For second HDB loan, HDB will reduce the quantum by utilising the full CPF proceeds and part of the cash proceeds from your 4rm flat. Based on estimation, you probably need to loan Read More
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Eric Teo
Replied
Hi : Zuraidah

I have one unit subitable for you want to take a look is at Kim Tian Road call me so that i can give you a figure and view the unit 91168001  Eric Era Read More
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