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Hi, the CPF and accrued interest used can be checked on the CPF portal for the exact amount. As long as you have hit the 3years mark, you will not have to pay the seller stamp duty. For the subsale penalty with the bank, you will have to check with the bank the terms when you took on the loan to see if there is any penalty payable. Your loan will be offset with the sale price. The lock-in from refinancing is dependent on the terms of the loan.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi, appreciate your sharing. Able to call bank to check base on your current loan whether any penalty or advance notice required for your loan package.

Selling price - loan - CPF OA with interest - legal fees - agent fees = cash proceed.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Dear sir/mdm,

Calculation of proceeds is based on the final selling price minusing off the outstanding loan and CPF funds used including the accrued interest.

You can find out the amount of CPF monies used by logging into your CPF account using Singpass.

As for whether any penalty payable to the bank for discharging your bank loan prior to full loan disbursement, you should check with your banker as different loan packages may have different terms. Read More

hi,

You can find information about the CPF used and accrued interest by logging into your CPF account.
Once you’ve held the property for at least three years, you won’t have to pay Seller’s Stamp Duty.
The cash proceeds from selling your property can be calculated as: purchase price - outstanding loan - (CPF used + accrued interest).
It’s a good idea to check with your banker about any penalties, lock-in periods, and other terms.
Let me know if you need anything else.

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

Hi Sir/Mdm,

Please allow me to explain to you further.

1. The exact amount of CPF + interests can be found in the CPF website when you log on using your singpass under the home ownership dashboard.

2. If you sell within the fixed period, there could be a penalty on the undisbursed loan amount. To check whether there is a penalty, you may take a look at your Letter of Offer from the bank or just call the bank's hotline to confirm.

3. You will need to continue to service the mortgage and the interests until the completion date which is usually 3 months after you secure the buyer as the conveyancing process takes time.

4. If you do a refinance, usually it comes with a lock in period and therefore you will need to pay a penalty.

I have assisted many clients to sell their new properties before the CSC. Please contact me privately so that I can understand your concerns and assist you further!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

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Judy Rong (Seller) Dec 2023 Read More

1. Check the exact amount of CPF and accrued interest used on the CPF portal.
2. No Seller's Stamp Duty if you have owned the property for at least 3 years.
3. For subsale penalties, check with your bank for specific loan terms.
4. Your loan will be offset by the sale price.
5. Lock-in period for refinancing depends on your loan terms.
6. Proceeds calculation: Final selling price minus outstanding loan and CPF funds used (including accrued interest).

For bank loan penalties, consult your banker as terms vary.

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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, as long as you have hit the 3 years mark of holding on to this unit from TOP, then there be no penalty when you sell it away.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More