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What is HDB Sale and Condo Upgrade Guide about?

Mr. HDB sold his HDB flat for $600K, with an outstanding loan of $200K, leaving $400K in sales proceeds. From the $400K, $250K was used to repay the CPF amount with accrued interest. This left $150K cash on hand. When buying a $1M condo, putting down a 5% cash payment of $50K and 20% CPF payment of $200K, along with paying various other fees, Mr. HDB was left with $100K cash and $22.4K CPF without using any of his own money.

Author

Jason Ong Wicky

Language

EN