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Selling my HDB Flat
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Hi,
I would like to seek some expert advice on this.
Currently, I am staying in a HDB and at the same time have bought a private condo, TOP est 2ndQ 2017.
My current HDB flat is fully paid up about 3 years ago and I intend to sell my current HDB flat and move to my new condo unit.
Now assuming I need to repay back to CPF (both my wife and my CPF's portions combined)an amount say S$600,000 and I can only sell my HDB unit for S$580,000. Will I need to repay CPF in full ? Will I can back any cash for the sale of my HDB unit ? Grateful if you are able to advise me. Thank you.
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2 Answers

Robbie Chen Chee Howe
Replied
Hi Mr Ho,

For your case, it will be a negative sale. You will not get back any cash from the sale of your HDB if you sell it at $580,000 as you need to pay back CPF + Accrued Interest of $600,000.

In fact, you will need to top up $20,000 CASH to your CPF to make up for this shortfall.

However, you might want to make an appeal for this shortfall.

Should you have any queries, please feel free to contact me at my mobile 9748 6305  . I will be happy to assist.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Joanne Chia 谢诗琳
Replied
Good day Mr Ho .

If your numbers are right , it would deem as a negative sale and no cash proceeds .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to your hdb or 2% for open listing .

Thank you.

Joanne_chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More
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