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Home Buying

Asked by Mr. Q Q 22 Oct 2013

Can i sell off my HDB and invest a new condo by using the refunded cpf and what other fees i still need to pay ? Eg.stamp duty or resale levy ?

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Mike Lim · Answer 1 · 2013-10-22T10:24:54+08:00

Mike Lim

Replied 22 Oct 2013

Morning,

To sell your HDB, you will need to fulfill the MOP requirement. Legal fee will be incurred during the sales. You will also be required to settle whatever outstanding payment, due for the unit.
For the purchase of condo, you will need to pay the standard stamp duty and legal fee, since you have sold off your HDB unit.

Do feel free to contact me for further discussion.

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

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Mr. Q Q

Replied 22 Oct 2013

Hi thanks mike,What do you mean by settle whatever outstanding payment due for the unit ? My current estimate value for my flat is 470k and my HDB loan is now left with 130k more to go and if I sell it off now does that mean it will deduct the 130k outstanding and take back 340k ? By the way my MOP is up and what legal fees do you mean ?

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