Dear Nanny,
I am sorry to hear about the situation. Have you already gotten the final judgement or court order to sell the flat as well as how the split of the proceeds will go?
Without knowing your age, we will also be unable to determine how much loan can you take, but with $115,000 in CPF funds after the funds are returned back to your account after the sale of current flat and assuming that your age is 40 years old currently, you will be eligible to take up to $170,000 loan, therefore if we combine this amount with your existing CPF funds, it is quite likely that you are unable to consider 4room flat. Quite likely will be a slightly old 3 room resale HDB instead. If your current unit is on HDB loan and you will be taking a 2nd HDB loan, 50% of your allocated sales proceeds needs to be used for the purchased unit based on regulations. As of now, because of the several uncertain factors, we are unable to advise further.
I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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