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Hi

Assuming you still can take 20 year loan, and no other monthly installments, your max loan should be up to $479k

If your sale price is $630k, after redeeming loan of $60k, refunding your total cpf utilized + accrued interest assuming $300k, and pay off resale levy of $45k, agent success fees and legal fees approx $15k, you should have approx $210k cash proceeds on hand.

$210k cash
$330k total cpf refund + OA
$479k max hdb loan

more than enough to cover $730k buy price + buyer stamp duty.

The only 2 variables will be whether you can get a queue number as 2nd timer, and also whether you have 10% for downpayment and 3% stamp duty (total approx 80k) in the event you can select an unit. As this is due when you sign agreement of lease when unit selected.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Ivan Ng Realtor
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.

-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him. Read More

The finances look promising but for BTO 2nd timer, alot is down to luck, whether you will be successful. I tried my luck for over 5 years to no avail. Read More

Hi, based on information you provided it may be possible, but have you applied for a HFE yet? you will need to have to before you can proceed with the BTO launch, and as a second timer, it is harder to get the flat as well.

Hi, hopefully you managed to get your doubt or query answered. 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

Here’s a breakdown to help you assess your situation for applying for a second BTO:

Current Flat Valuation: If recent sales in your area are around $630,000 and you have a remaining loan of $60,000, you might expect to sell your current flat for that amount. This would give you about $570,000 after paying off the loan.
Financials for the New Purchase:
Price of New Flat: $730,000
Expected Sale Proceeds from Current Flat: $570,000
Cash Needed: You would need to cover the difference of $160,000 for the new flat.
Loan Eligibility: Assuming you can take a 20-year loan, your maximum loan amount would be around $479,000.
Cash Proceeds: After selling your flat for $630,000 and covering all costs (like your existing loan, CPF refund, resale levy, and fees), you could have approximately $210,000 in cash, plus about $330,000 from your CPF.
Total Funds for Purchase: With your cash, CPF refund, and potential loan, you should have more than enough to cover the $730,000 flat price and buyer stamp duty. Just keep in mind you’ll need to secure a queue number as a second-timer and have around $80,000 ready for the down payment and stamp duty when selecting a unit.

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