How much can my mum get after selling her flat?
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Anyone who is a house agent here can help?
I want to know how much can my mum get back into her CPF and cash, if any.
The flat was bought in 1998 at $175,000. Now its about $300,000 - $320,000. Its a 3 room upgraded. HDB loan of over $100,000 fully paid off. If say she sold the house, she will get some cash with the COV. Besides that, any others? According to my friend, she will get more cash after deducting some $70plus k back into her CPF. I got that $70k figure after seeing her CPF public housing statement, it stated that amount will be refunded into her CPF account if she sold the flat.
So is it possible she will get some more cash after the COV? She is currently going through divorce proceedings with my dad. Just curious how much roughly she can get back in cash after selling the flat.
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me and you, undiscovered souls.
lets' cry together because we are in the same predicament.
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Originally posted by Undiscoveredsoul98:
Anyone who is a house agent here can help?
I want to know how much can my mum get back into her CPF and cash, if any.
The flat was bought in 1998 at $175,000. Now its about $300,000 - $320,000. Its a 3 room upgraded. HDB loan of over $100,000 fully paid off. If say she sold the house, she will get some cash with the COV. Besides that, any others? According to my friend, she will get more cash after deducting some $70plus k back into her CPF. I got that $70k figure after seeing her CPF public housing statement, it stated that amount will be refunded into her CPF account if she sold the flat.
So is it possible she will get some more cash after the COV? She is currently going through divorce proceedings with my dad. Just curious how much roughly she can get back in cash after selling the flat.
Why do you care how much money she gonna get ?
Those are HER money, NOT yours.
She decides how to use the money.
U want money, go earn it yourself.
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jojobeach, i got no intention to take her money. the point here is i need to appy for a bto flat with her after her divorce is finalised. i just wanna make sure that she have enough cash for herself after selling off current flat. dont assume that im only aiming for her money.
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All her cpf money + interest goes back to cpf a/c.
The rest, finalise the sale transaction with yr next buyer thru yr prop agent then work out with hdb.
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There is a resale-levy 40k. it has to be shared by your dad and mum.
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