Hi Mr Yang,
Yes, you can use your CPF for the 15% down payment for your EC. Yes, you can also sell your HDB with the outstanding uncleared loan. The uncleared loan amount ie. 60k will be deducted from the sales amount and returned to HDB or bank depending on where the loan is secured.
However, when purchasing the EC, since you have an outstanding loan for your current HDB, you may not be able to eligible for the max 80% loan since you have an outstanding loan in place, unless you have already secured a buyer for your current HDB flat.
There is an oversupply of ECs currently and you may wish to consider the locations of each projects carefully before making a decision. Do feel free to contact me at
9644 4854
so that I can share with you my views on the various projects as well as do up a financial plan for you to plan better.
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg
Testimonial from Satisfied Clients (2015)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought through Nick)
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