Ask For Help From The Old Bird

[YSL70 0]

Dear Sir and Madam,

A newbie here asking some question here. Hope anyone who know can give me an answer. Thanks.

Question 1.........If i bought my 3 room S flat in serangoon north ave 1 four years ago for $143K . Valuation Report at $140K. Now anyone know roughly how much is it worth now?

Question 2........If it worth $250K now i mean if it Valuation Report at $250K. So i sell it, how much cash can i get back? I am paying 30 yrs installment.

Sorry for the silly question and thanks for ur help and reply.

Btw i know i can,t sell it now and must wait 1 more years. Because i got take gov grants.

[estella83 0]

watever left over after minus off interest, legal fees, grant.....

[YSL70 0]

watever left over after minus off interest, legal fees, grant.....

Hi Estella, thanks for ur reply.

So roughly from what i wrote, can you estimate how much will i get back. I pay installment at $475 for 4 yrs already . $300 from CPF and $175 cash.

Thanks again.

Edited July 5, 2010 by YSL70

[forgotten 1]

HDB has this Sale Proceeds Calculator. It helps you estimate how much cash you get from the sale.

http://www.hdb.gov.sg/fi10/fi10297p.nsf/Im...oceedHDBDiv.htm

Edited July 5, 2010 by forgotten

[chronograph 0]

Do u have singpass?

1) U can log in into CPF using your singpass and check the amount of $(including interest) used for your HDB. This amount will be back to CPF account should your sell.

2) If your loan is with HDB, then using singpass log in to HDB and check the outstanding loan of your 3 room.

Assuming you sell at 250k, you will probably get:

250k - (1) -(2) - (4x12x175)(cash part for monthly installment) - fee(lawyer fee, stamp fee, agent fee etc) = $

If u have make initial down payment using cash, then u have to minus above with down payment as well. That's your profit.