This is a question that has come to the forefront of late. For those looking to upgrade to a condo, there are two counterbalancing factors: higher resale flat prices seem to lower the risk of negative cash sales; but at the same time higher interest repayments might mean drawing on more CPF (and hence needing to refund a larger amount)....
For those looking to upgrade to a condo, there are two counterbalancing factors: higher resale flat prices seem to lower the risk of negative cash sales; but at the same time higher interest repayments might mean drawing on more CPF .
This was changed to 85 per cent after the December 2021 cooling measures, and for HDB flats purchased on or after 30th September 2022, the maximum loan is only 80 per cent. Here's what your cash on hand would look like if you had bought around 1996-1997 and sold in the subsequent years .The findings here will probably surprise no one: those who bought just before the Asian Financial Crisis would have to wait around 12 years to escape the risk of negative cash sales, while those who bought between 2011 to 2014 might still face negative cash sales today.
The most important finding could be that those who bought in 2012 or 2013, the last peak for flat prices, could still face negative cash sales despite the high prices today . Due to the Asian Financial Crisis, prices took a long time to recover. four-room flats also saw a sharp price increase, however due to the greater appreciation and lower quantum, buyers of both flats faced negative cash sales over very different periods.
For this simulation, however, note that we have a lower transaction volume to work with, which could slightly skew the results.
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