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HDB Questions

Asked by Ms. S Tan 12 Jul 2013

If I were to sell my flat for 600K but my cpf loan was 200K, do I get 400K in cash?

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Mike Lim · Answer 1 · 2013-07-12T14:04:19+08:00

Mike Lim

Replied 12 Jul 2013

Afternoon Ms. Tan,

To compute your cash return from sales of unit, you can either use the financial calculator from HDB website or deduct the sales price with total CPF used, including interest and outstanding loan. This would give you a rough figure.

Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More

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Aaron Chong · Answer 2 · 2013-07-12T23:50:44+08:00

Aaron Chong

Replied 12 Jul 2013

Hi Ms Tan

You are right to say that the cash return is 400k, if your loan + cpf usage is 200k. Pls feel free to contact me should you need any assistance. Cheers!

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More

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Ally Chin · Answer 3 · 2013-07-13T00:07:58+08:00

Ally Chin

Replied 13 Jul 2013

Hi Ms Tan

Thanks your question.

Your mentioned amount to take back is just an estimation only as you still need to pay for conveyancing fees and etc, assuming if you have no more outstanding loan.

Should I can be of further assistance please feel free to contact me at 81122213 .

Regards

Ally Chin
Associate Team Director
Propnex Realty P/L
CEA No. R010439Z
M: 81122213
E: cwsally@yahoo.com Read More

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