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Before we start, tell us which type of property you wish to upgrade to.

     

Now, let’s find out how much proceeds you could get from selling your current property.

S$
You can view the latest transacted
prices from HDB InfoWeb
S$
This is the amount that you had withdrawn from your CPF Ordinary Account (OA) for the purchase of your existing property. This along with the accrued interest needs to be deducted from your sales proceeds and refunded back to your CPF Ordinary Account (OA).

To check the amount:
  1. Log in to the CPF website
  2. Select “My Statement”
  3. Look under section C and select “Property”
  4. Select “My Public or Private Housing Withdrawal Details”
S$
To check your outstanding HDB loan amount, click here. Alternatively, if you took a bank loan, you can contact your bank for assistance.
S$

Fees Payable

%
Property agents usually charge a fee of 2% of your property’s selling price. If you do not intend to sell your property via a property agent, you may leave this field blank.
S$
S$
  S$0
  S$0
  S$0
STEP 2 of 3: Know Your Cash Flow NEXT

Next, let’s look at your finances and find out how much you can spend on your next property.

Will your next property be a single or joint purchase?

  

Tell us more about yourself.

Main Buyer

 
 
S$
This refers to your income before tax, and excludes your employer's contributions to your CPF account.

You can compute this by taking the average of the latest 3 to 6 months of your gross monthly income.

Joint Buyer

 
 
S$
This refers to your income before tax, and excludes your employer's contributions to your CPF account. You can compute this by taking the average of the latest 3 to 6 months of your gross monthly income.

What are your available funds?

Main Buyer

S$
Funds to be used for housing purposes will be taken from your CPF OA. This excludes the CPF funds refunded from the sale of your current property.
S$
If your previous flat was jointly owned and you are intending to upgrade to the next property as a single owner, you will only be able to use the funds contributed from your own CPF account.
S$

Joint Buyer

S$
Funds to be used for housing purposes will be taken from your CPF OA. This excludes the CPF funds refunded from the sale of your current property.
S$
If your previous flat was jointly owned and you are intending to upgrade to the next property as a single owner, you will only be able to use the funds contributed from your own CPF account.
S$

What are your monthly financial commitments?

Main Buyer

S$
S$
If you pay off the full outstanding amount for your credit card(s) every month, you can state your financial commitment as S$50 per credit card. Otherwise, you will need to state the full outstanding amount.
S$
e.g. personal loan or others

Joint Buyer

S$
S$
If you pay off the full outstanding amount for your credit card(s) every month, you can state your financial commitment as S$50 per credit card. Otherwise, you will need to state the full outstanding amount.
S$
e.g. personal loan or others

Based on your information, your maximum loan period is XX years.

You can indicate a shorter loan period if you wish to

years
Regulations require you to pay off your loan before the age of 65.
STEP 3 of 3: View Your Home Upgrade Plan NEXT

A Summary of Your Home Upgrade Plan

Brought to you by HomeBuddy Planner

Maximum
Property Price S$XXXX

5% Down Payment
in CashS$

15% Down Payment
in Cash or CPF FundsS$

80% Bank LoanS$

What DBS Home Loan offers
  • Loan Period years
  • Promotional Interest Rate % p.a.
    Click here to view all DBS Home Loan packages.
  • Monthly Instalment S$
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Your Home Upgrade Plan

Brought to you by HomeBuddy Planner.

Here’s a detailed overview of your finances when you upgrade to your next property.

  • Personal Details Main Applicant Joint Applicant
  • Age years old years old
  • Total Available CashS$ S$
  • Total Available CPF FundsS$S$

How much you could spend on your next property

Maximum
Property Price S$XXXX

5% Down Payment
in CashS$

15% Down Payment
in Cash or CPF FundsS$

80% Bank LoanS$

What you could receive from the sale of your current property
  • Total Net Proceeds from the Sale S$
  • Refund of CPF Funds Withdrawn and Accrued Interest S$
  • Cash S$
What DBS Home Loan offers
  • Loan Amount S$
  • Loan Period years
  • Interest Rate % p.a.
  • Your New Monthly Instalment S$
  • Your Current Monthly Instalment S$
Your monthly home loan instalment will increase by S$
Your monthly cash flow with the new home loan
  • Total Gross Monthly Income S$
  • New Monthly Home Loan Instalment S$
  • Car Loan(s) S$
  • Credit Card(s) S$
  • Other Commitment S$
  • Your Monthly Available Cash Flow S$
Useful information on fees and costs
Legal Fees
(Acting in Sale)
This is the cost of engaging a lawyer to act for the sale of your property. If your current loan is with a bank, you can choose to engage a lawyer from HDB’s panel to lower your fees. S$
Legal Fees
(Loan Redemption)
If your loan is with a bank the average fee is S$600. S$
Agent Fees It is typically 2% of your current property’s selling price. S$

When you upgrade to a new property:Estimated Fees and Stamp Duties

Buyer’s Stamp Duty This is calculated based on the property purchase price. You need to sum up 1% of the first S$180,000, 2% of the next S$180,000 and 3% of the remaining amount. S$
Agent Fees If you go through an agent, it is typically 1% of your property’s purchase price. S$
Legal Fees Varies according to your property price and the legal processes involved. As a guide, the legal fees for a property with a S$1,000,000 purchase price is about S$2,000. S$2,000

Other Fees for HDB

HDB Town Council Fees It ranges between S$20 to S$100 depending on flat type.
Property Insurance If you take a bank loan for your property, you will be required to purchase property insurance. The premium ranges from S$40 to S$60 depending on your flat type.

Other Fees for EC/Private Property

Maintenance Fees It starts from S$300 per month.
Property Insurance If you take a bank loan for your property, you will be required to purchase property insurance. The premium ranges from S$50 depending on your property type.