Asked by
I am thinking of selling my Exec HDB at woodlands and buying a 3rm caspian. Besides the 10% cash to pay upfront, is there any other payment that require cash? can the proceeds from sale of flat be used to pay off the purchase of caspian and the rest by CPF OA for 30 years? eg. sale: 450k, caspian 800k. balance 350k- can this be paid thru CPF OA?
0
1277 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Hi Lynn,

You may pay the balance thru CPF OA. Other fees includes agent's fees, and stamp duty which is payable thru cash first then reimbursed from your CPF account.

Also, please note that for example for your purchase of Caspian, bank loan you an amount of 80%, the the remaining 20% shall be break down into 5% cash and 15% CPF

Let me know if i can help in marketing your unit and assisting in your purchase.

Cheerz,
Brandon - ERA Marketing Director
HP: 8233.23.23
Email:aw.brandon@gmail.com Read More
0
Hi Lynn,

I understand that Caspian had been fully sold?

Are you referring to the sub-sale unit from the owner.. This only require you of 5% Cash upfront and 15% CPF is required but the monthly installment has to be immediate upon sale completion.

You can used your sales proceed only if your flat had been sold and before taking the bank loan.

The apartment may only TOP in another 1-2yrs time?

Please kindly give me a call should you require a more detail explanation.

Best Regards,
Ken Lim - C&H Group
Mobile : 9027-6142 
E-mail : kenlim09@gmail.com Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions