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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