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Im planning to sell my 3-rm flat with an estimated price of 300k.
and buy a 5-rm flat at arnd 600k including the COV.
I'm PR and I still have 165k outstanding loan from the bank.
what is the process of selling my current flat and buying a resale flat?
Can I still get 80% loan from the bank?
what's the first step should I take - sell first then look for a flat to buy or look first for the flat to buy?
Thanks.
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2 Answers

Mike Lim
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Evening Andre,

From your statement, you require the funds from sales to facilitate the purchase. Hence we have to work on your requirements on purchase and demand on selling price, before we can decide what's the best move.

Your current unit is worth around $300k and after deduction of outstanding loan, you have around $130k worth of CPF and cash. To faciiltate the purchase of $600k unit, you need around $480k loan. This would again be dependent on your income status and credit record. There are also many micro details be to worked on, as you are upgrading.

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

Regards
Mike Lim
 96929209 
ERA Read More
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OHMYHOME PTE LTD
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