Learn to calculate your profits!

discoverHow to calculate your sales proceeds

Hello, you are probably thinking of selling your current place or just curious. Whatever the case may be, today we’ll breakdown the simple way of calculating your sales proceeds step-by-step below.

In short, how much cash profit would you have? Yes! Today we’re going to do a simple math calculation, so that you can be clear minded and make one of the most expensive decision in your life!


Warning: If at this point you are already experiencing headaches at the mere mention of calculations
😆,  please call a real estate agent that you trust, or whatsapp us for help using the button below. 

Step 1

Fix a selling price. Every thing on sale have to have a price tag right? Set your price correctly and it’ll certainly help you achieve your sale faster. For a benchmark you can visit HDB MAP SERVICES, click on the housing icon and input your address.

Here you can obtain various useful information e.g. resale transactions within 200 meters of this block.

Step 2

Amount of outstanding loan. For HDB flat owners, get ready your Singpass at this point, visit MyHDBPage and login using your singpass.
Go to Housing payments>Payment of outstanding instalment by CPF>

For private property owners, check your bank mortgage statements or call your bank for assistance.

Step 3

CPF used and accrued interest to date. Get ready your Singpass, this time you’d need to login to CPF website using your Singpass.

Go to My statements>Check OA used and accrued interest

Important to note that if have any co-owners, everyone must login to their own CPF account and get their own figures and total up.

For more info about what is CPF accrued interest and how it will affect your profits please check out our detailed post here.

Step 4

Agent fee. If you’re engaging an real estate agent to help you with the price setting, giving marketing strategies and advice on any other procedures the fee is typically is 2%. Alternatively if you’re a D.I.Y person, this part will be zero cost.😁

Step 5

Legal fee. If using HDB lawyers the fee is $300~$400, if using private law firm it ranges from $1,800 to $2,500, so for simplified calculation you can use $2000 as an estimate for private property owners.

Step 6

You’re almost done. 😅 Now get a calculator🎓

Use [Selling Price] – [Outstanding loan] – [Total CPF and accrued interest for all owners] – [Agent fee] – [Legal fee] = PROFIT!💰💰💰

That’s it, easy right? All you need are just your Smartphone and Singpass.

Calculation is easy, but more thoughts and planning have to be done on how much to determine your selling price, through what avenues and using what strategies to help you more effectively sell your property.

This estimated simple calculation is assuming that you’re selling before your Minimum Occupancy Period and for Private property owners without Seller stamp duties.

We hope you have discovered some useful information today!
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Get in touch with us, we at PropertyDiscovery would be more than happy to help you through this stressful phase. Feel free to contact us using the whatsapp button below, or using the traditional form below



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