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Dear Gurus, I have a fully paid HDB flat at Tampines and is now looking at buying a second property at Pasir Ris or Flora Road area. I have 1 burning question to ask. If my fully paid flat is co-owned by my wife and me and paid using our CPF, when it comes to retaining the minimum sum in CPF, do we jointly maintain $69,500 (i.e. $34,750 each) or do we individually need to maintain $69,500 each. Hope to clarify this before I start sourcing around. Thanks.
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4 Answers

Hi Ken;

If you had previously used your CPF to funds for your HDB,you will need to individually set aside the min sum in your respective CPF.I have a few new launches in Flora Rd/ Pasir Ris..Please feel free to contact me for more info..Thanks

Rgds;
Lyna ERA
 96238442 
lynasong@hotmail.com Read More
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Evening Ken,

The CPF minimum sum required for buyers who have utilized CPF for their existing residential property is $71k per person.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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hi Ken

We have a few new launches @ Pasir Ris which you might want to seriously consider as we deal with plenty of new launches over that area too.

Please kindly contact me if you are keen
Thanks!

Huttons Asia
Developer Sales Team
Nicolas Soh
 92700370 
www.propertyinsider.com.sg Read More
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Dear Ken,

Cpf Minimum sum is individual liability and each has to set aside, however your special account could also be use to combine with your Ordinary account to meet the necessary sum, if CPF board gave you $69.5k then any sum thereafter you can utilize it on your next flat.

If you are still ensure about the info provided, the best way is to give CPF board a call and make sure you have the officer name that gave you the answers. Hope your queries is answered so far.

please visit www.sgcondolaunches.com to find your next purchase

Hp:8666-5000
www.julius5000.com Read More
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