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Is this the breakdown calculation to check sales proceed? Resale price - loan with bank - CPF + interest - resale levy - upgrading levy - upgrading cost - deposit paid by buyer - others? Would like to check, if the sales proceeds is negative, are we expected to pay the shortfall by cash before we can proceed to apply for BTO or purchase a resale flat? Can the resale levy be paid by CPF or by cash in installments?
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2 Answers

Mike Lim
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Good morning,

Cash proceed for sales would subtraction of sales price against outstanding loan, admin fee and penalty charges (if applicable), CPF utilization, upgrading cost, legal fee and other administrative cost.
As for negative sales, it would be deducted from your CPF monies or payable by cash on completion date. For resale levy, it have to be paid in full either by cash or from your proceed (if applicable).

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

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