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I wish to sell my 3i flat at 618 bedok reservoir ( 2-4 floor )and wish to buy 2rm hdb or 3rm flat,I have no outstanding loan of the flat. Can I make a minimum NETT profit of 80k from the sales and buy?
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2 Answers

Mike Lim
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Morning,

In order to answer your question, we would need to discuss on how much CPF have being used, including the interest and the area that you are looking at. It would also be good to look at the possible loan amount that you intend to take, in order to meet your target profit.
Btw, the estimated valuation for your unit ranges from $255k to $275k.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
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  • IB
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    Hi, yes ive done my homework on the price sold in the month of July for blk 618 - price sold for 1-5floor 275k. Just need your expertise, my MOP falls on 15th of september 2011. please email me at pts_alkaff@yahoo.com.sg. below are my cpf propery dtail
    Payment to HDB / Town Council for :
    (1) Lumpsum and housing loan repayment $ 131,998.00
    (2) Valuation / Stamp / Conveyancing fees $ 1,523.70
    (3) Cost of upgrading flat $ 63.43
    ---------------
    Principal amount withdrawn (1) + (2) + (3) $ 133,585.13
    Accrued interest up to MAY 2011 $ 16,638.13
    ---------------
    Total principal amount used and accrued interest $ 150,223.26
    ===============

    Your current monthly instalment rate is N.A

    Your ordinary account balance is $ 54,122.92
OHMYHOME PTE LTD
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