Calculation of cash proceeds – HDB flat for rent in Singapore

Calculation of cash proceeds – HDB flat for rent in Singapore

HDB flat for rent in Singapore. An example of cash proceeds calculation:

Resale price =   $300,000
Less outstanding loan (HDB or Bank)(From HDB InfoWEB with SingPass* or get bank statement) =   $100,000
Less Resale Levy (if any) =   $0
Less return to CPF plus Interest(From CPF website with SingPass*) =   $100,000
Less Deposit paid =   $5,000
Less Upgrading Levy (if any) =   $0
Less Upgrading Cost (if any) =   $0
Less arrears to HDB (if any) =   $0
Estimated cash proceeds =   $95,000**

Can use HDB Sale Proceeds Calculator at HDB InfoWEB

*Can apply SingPass through Internet

**If negative, the Deposit must be paid to HDB to return to CPF account

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HDB flat for rent in Singapore

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