Asked by MTK
Dear gurus, I wish to sell my house. Im the 1st owner and my father is the 2nd owner. Since my father is 75 yrs old and doing odd jobs, after the sale, will he be required to maintain a minimum sum in his CPF? Meaning after hdb return us back our cpf and mortgage balance, the balance of the sales proceeds to be credited to his CPF to maintain the minimum sum? He is considered a retiree. Thanks!
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