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Morning Raina,

As to how much profit you can make would depend on the actual location of your unit. There are newer blocks and older block along Bukit Batok East, thus demanding different pricing.

It would also be dependent on your CPF used and accrued interest accumulated over the period. This would also affect your final cash profit from sales. To purchase new BTO with second HDB loan, you need to set aside 50% of your cash profit if your profit is more than $50k.

As for the valuation report, I would be willing to assist you with it if you decided to engage my service.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Raina,

Formula for obtaining sales proceeds in your HDB sale is as follows:

Sale Price minus
1) outstanding housing loan
2) CPF used and accrued interest
3) Valuation of $170.50 (will be reimbursed by buyer)
4) HDB legal fees of $200+
5) Resale HDB submission of $80
6) 2% of sale price as agent's commission

If you are able to furnish me with more exact information of your unit, I will be able to have more knowledge about that area thus can advise you further.

You have to understand that you have to put aside 50% of your cash proceeds in your next HDB purchase if you are using HDB loan.

Another question is if you decide to sell your HDB flat in coming months, have you find yourself an accommodation?

I will love to assist you in your property sale! Feel free to contact me if needed. I will help you with doing valuation, marketing, negotiating for highest possible sale price, closing and etc.

Looking forward to hear from you soon!

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E: yt.lovelyhomes@gmail.com Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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Shalom

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Koh Z H
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