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Good morning Sir/ Mdm,

to me there are probably these 2 factors that will cause an owner to suffer a negative sale when they sell their place.

1. Sale price

If eventual sale price is lower than initial purchase price, there is a high chance that a seller will suffer a negative sale in the form of CPF OA funds.

2. Usage of CPF OA funds

Assuming sale price the same as initial purchase price and housing loan slowly reducing due to repayments, another reason that an owner suffer a negative loss will be usage of CPF OA funds. If owner has been using CPF OA funds for repayment all these years, the accrued interest accumulated will corrode any profits or cause owner to suffer a negative sale.

So in order to avoid a situation of negative sale, owners are encouraged to use more cash in their purchase if possible. Be it downpayment or mortgage instalment.

Have anyone work out your numbers for your impending sale? What's your next move after the sale?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Negative sales are usually the result of using CPF funds for the property where the total accrued interest with the CPF funds used that must be refunded to CPF account is higher than what is leftover after deducting the outstanding loan from the selling price. The other possible scenario is when selling price is lower than purchase price if loan is involved in the property purchase back then.

In the 1st instance, as long as your property is sold at or above valuation, CPF will usually not require you to top up the difference but all option money received in cash must be transferred into your CPF account.

Hope the above helps!

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.

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Hi,
Negative sales happens when you chosse to buy properties in certain locations that do not keep pace with the changing market conditions. Location is key to this. As such, please contact me so that I can advise you accordingly.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hello,

How to avoid negative Sales?
Can you sell a house before paying it off in Singapore?
How can I avoid accrued interest in CPF?
How long does it take to get a CPF refund after selling HDB?
What happens to your mortgage when you sell your house in Singapore?

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Hi
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

Hi,

To avoid a negative sale, you have to sell at a price that is sufficient to pay off any outstanding loans and CPF refund.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More