Martyn 0 Report post Posted September 17, 2009 Hello to all. My 1st appointment just over in early sept. From what HDB told me. I will be getting 56k back to me from selling my house. The problem is this, I sold my house at 10k above valuation. I have received 5k cash from the buyer. The balance 5k he paid to HDB. I did some caculation. I should received 65k for selling my house. The funny thing is, I will be getting 9K lesser that is 56k and how about my buyer 5k that I should received? I bought a masionette at valuation without any COV. To exercise the OTP, I have paid 5K cash. Now I don't understand is why my cash money I am receiving is lesser. Did HDB used my buyer 5K and some of my cash money for the convenyancing and stamp fee chargers total up to 8k+??? That is why Instead of 65k I am receiving, I will be getting 56k from my old flat? Anyone can explain my situation? Thanks for any info.... Share this post Link to post Share on other sites
Cookiesmonster 0 Report post Posted September 17, 2009 if u had gone for yr 1st appointment, i am sure hdb did informed you an estimated figure. on yr 2nd appointment, they work out an EXACT computation of your principal amount that you have borrowed plus the "interest" that you would have accumulated on your total sum withdrawn from cpf. less off the outstanding on yr loan & amt paid by yr buyer. Share this post Link to post Share on other sites
chronograph 0 Report post Posted September 18, 2009 Can't help you without all necessary figures like valuation, amount+interest to pay back CPF etc. I suggest u work your calculator again, HDB is hardly wrong. Upon the 2nd appt, there will be a breakdown on your sales transaction and how HDB computed your net profit. Share this post Link to post Share on other sites
Martyn 0 Report post Posted September 18, 2009 (edited) Thanks for the feedback. So means that I will be getting the breakdown of the transaction sales during the 2nd appointment? But The HDB staff already show me on the computer that I will be getting 56k. Much Lesser than the 65k I will be getting. Hmmm... So I will wait for the 2nd appointment to clarify further... Edited September 18, 2009 by Martyn Share this post Link to post Share on other sites
born_again 0 Report post Posted September 19, 2009 Thanks for the feedback. So means that I will be getting the breakdown of the transaction sales during the 2nd appointment? But The HDB staff already show me on the computer that I will be getting 56k. Much Lesser than the 65k I will be getting. Hmmm... So I will wait for the 2nd appointment to clarify further... did u use cpf to pay your housing loan? Most likely it could be due to the interest incurred for using your cpf to pay off. U'll need to double confirm with your cpf. Share this post Link to post Share on other sites
