Asked by Ken
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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