Asked by Anonymous

Updated on 18 Apr 2019

My wife and I just moved into a 3rm Punggol BTO flat with our 3 year old girl. We're getting divorced upon reaching MOP and will sell the flat. How much CPF do I need to buy an EM 5rm flat?

The plan is for her to buy a flat with my daughter and I will buy as a single since I'll be more than 35 years old. My wife wants to buy a 3 room resale flat. Current flat: 3rm Punggol BTO flat (Price: 190k, HDB loan: 100k, rest: grants and CPF


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Jim Ng
Jim Ng,
Level 5. Genius
Answered on 11 Nov 2018

Hi, from a quick search , the market prices of 5 room EMs are around $500k-$600k.

You need to have 10% set aside as downpayment for this flat, which is around $50k to $60k.

The next question I have for you is, are you and your wife joint-tenants for your 3-room BTO flat? If yes, that would mean the proceeds of your 3 room Punggol BTO flat would be split evenly between both of you.

Therefore, once you sell the flat, there'll be a surplus of $90k split evenly between you and your wife, which mean you'd have $45k surplus.

On top of that, you'll have to leave a remaining of the amount you took in grant with accrued interest in your CPF account.

The remaining surplus can then be used to finance your new flat.


Colin Lim
Colin Lim,
Level 3. Wonderkid
Answered on 10 Nov 2018

EM 5rm flat is how much? How you check?