Asked by
I'm 54 this year. My cpf OA has about $80k plus and my 5 room HDB flat is fully paid which valued at $500k. After deducting the accrued interest of $100k I'd have $400k in cash. I'm thinking to upgrade to a EM and joint name with my eldest son, 24 this year. If the EM unit is priced at $540k, and I have $400k cash in hand with $80k cpf roughly how much loan do I need?
0
1379 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

GAN ENG JOO ONASSIS
Hi,

Re: The best deals available through SG Professional- BuyRealtor.com & NewLaunchDeal.com

Min 150K will be applicable for housing bank by the bank. Some bank also provide 50K housing loan with no subsidy and any goodies given.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com / sgagent.com
Skype: incomecare

Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”

Our SG Professional Services Youtube

Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI

SG Professional with presence that memorable at SGRealtor.com, SGAgent.com and SGAgents.com.

Do what the 99.99% won’t do, PLAN AHEAD TO A SUCCESSFUL TRANSITION INTO REAL ESTATE

Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.

www.HiSingapore.com –Singapore Housing and Commercial Property Guide
www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg

Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More
0
Good morning,

Based on your statement, the accrued CPF interest is $100k. So how much is the principle that have being used? The profit, after deduction of your CPF funds would likely to be less that $400k, based on selling price of $500k. If you are buying the Executive unit with your son as the co-owner, the loan component will be computed based on both income and age. So if your son is not working, adding in his name might not help ease the situation either.

Do feel free to contact me for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
OHMYHOME PTE LTD
Dive into HomerAI by Ohmyhome and revolutionize your property experience! With features like home e-valuations, neighborhood comparisons, and DIY calculators, we empower you to make informed decisions with confidence. And when it comes to selling, trust our agents with a proven track record to deliver results at an unbeatable 1% commission rate! Read More
0
Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
1

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions