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How much cash can I get back from selling my property in Singapore
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The cash you can get back from selling your property in Singapore depends on your property's selling price, outstanding home loan, CPF refunds required, sale-related expenses, and your initial cash outlay.
Key factors affecting your cash proceeds:
- Selling price: The amount you sell your property for is the starting point.
- Outstanding home loan: Any remaining loan amount must be repaid to the bank or lender.
- CPF refund: Any CPF monies used (including accrued interest) to pay for the property must be returned to your CPF account.
- Legal, agent, and administrative fees: These selling costs are deducted from your sale proceeds.
- Initial cash paid: If your initial cash outlay exceeds all amounts above, the excess is your cash proceeds.
- Selling price: The amount you sell your property for is the starting point.
- Outstanding home loan: Any remaining loan amount must be repaid to the bank or lender.
- CPF refund: Any CPF monies used (including accrued interest) to pay for the property must be returned to your CPF account.
- Legal, agent, and administrative fees: These selling costs are deducted from your sale proceeds.
- Initial cash paid: If your initial cash outlay exceeds all amounts above, the excess is your cash proceeds.
To determine your exact cash proceeds:
- Start with the selling price.
- Subtract outstanding mortgage, CPF refunds, and sale-related fees.
- What remains is your cash available after the sale.
- Start with the selling price.
- Subtract outstanding mortgage, CPF refunds, and sale-related fees.
- What remains is your cash available after the sale.
EdgeProp Singapore offers calculators and research tools to help estimate fair value, track market trends, and analyze past transactions. These tools can help you assess realistic selling prices and net proceeds based on current market data. For a precise calculation tailored to your property, use EdgeProp’s sale proceeds calculator.
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