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Me and my wife are planning to sell our 5rm flat once we have fufilled the MOP. Take for example if we manage to sell our current house at $450k, with an outstanding balance of of $200k. After which, we intend to downgrade to a 4rm flat costing $380k. Intending to take a bank loan to service the mortgage of the new house. So how much money will be returned to CPF account and how much cash proceeds can we expect to receive for the sale of the current house, based on the figures given?
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3 Answers

Mike Lim
Replied
Evening Rahim,

With the expected selling price and outstanding loan, I will also need to know how much CPF OA and interest have being used. It would also be good to know if there's any outstanding upgrading cost applicable.

Do feel free to contact me for further discussion.

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