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Hi,

(1) Full Retirement Sum (FRS) or Basic Retirement Sum (BRS) is make up of the CPF amount in SA + OA. Once the amount is fixed at age of 55. There shall be no changes.
Thus she doesn't has top up the difference if there are any using the sales proceed. Any excess upon returning to CPF OA ($10K+ accrued interest) can be use to pay for the next purchase.

(2) HDB is correct, to buy a BTO even for 2-rm flexi is only eligible for first timer Single Citizen.
However, the choice is to buy a resale 3-rm. Because even she is eligible to buy 2-rm flexi BTO, it will be in non-mature estate. Thus you may consider to buy a 3-rm in non-mature estate.

(3) There are buyers with different objective. Those buyers who prefer to redo whole flat will definitely love this type of flat.
I've even successful sold off a near 40yrs old flat without any reno above valuation.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Good morning,

I feel that your mom can consider a resale 3rm flat since she is not eligible for new flats as a single.

But detailed financial calculation should be done as she has to set aside basic retirement sum in CPF OA+SA first before she can use it in the purchase.

Perhaps we can meet up to discuss and explore her options. Kindly assure she has her singpass ready for any facts finding.

Lastly dont be worry about the house condition. As long as pricing is correct even it takes a slightly longer marketing period, there will be a buyer.

Hope my sharing is informative and value adding.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Hi,

Thanks for your enquiry. If she has withdrawn cash at age 55 from her CPF retirement account before, and property was pledged to meet the full retirement sum, there may be a possibility to top up. I'll need more inputs from you so to calculate the exact figures. Yes unfortunately, the BTO option (3 room onwards) is not available unless one of her children can form the family nucleus with her. She can only consider studio apartments (2 room) from BTO option. Do note a resale levy of 45k applies, if this jurong flat was bought with subsidy/grant. Alternatively, she can consider the resale market, all sizes are available no issue as long as the finances are comfortable.

Finally, there is no need to worry about the condition of the unit as long as there are no permanent structural issues (piping etc) within the unit, there will be buyers who are looking to do a overhaul and will consider if the pricing is reasonable.

I have worked on similar cases before with senior clients and will be glad to share the best approach. You may want to read up more @ ivanng10.com/clientreviews

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

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Thanks, Ivan. Keep up the good work! Read More

Hi there,

Thank you for your reply.
Let’s address your concernsthe -

1. Basic Retirement Sum (BRS) is make up of the CPF amount in SA + OA. The mount is fixed at the age of 55. If she has withdrawn cash at age 55 from her CPF retirement account before, and property was pledged to meet the full retirement sum, there may be a possibility to top up. Any excess upon returning to CPF OA ($10K+ accrued interest) can be used to pay for the next purchase.
2. In my humble opinion, she could purchase either a studio apartments (2 room) from BTO option or resale 3-rm.
3. As long as the price is right, the right marketing strategies and plan are in place and advertisements are done aggressively (in terms of exposure to a wide audience), the unit will move regardless of the time taken.

The sales and purchase of such transactions are highly complex and requires a thorough financial calculations to ensure smooth sales transition. With regards to selling your property in this testing and constantly evolving market, you may wish to consider appointing a professional to handle the entire sales responsibilities. What you would get in return is- sincere 100% commitment, succinct coordination of viewings, extreme grip and control on price and avoidance of price wars and ill practices. Sometimes, it is not limited to just arranging viewings or qualifying buyers, but more of a professional who will guide you on your financial sums ( amalgamation of sales proceeds and CPF return) etc, plus handle all the associated paperwork.

In this weak market, you would require an extreme level of professionalism and high knowledge level to help your property attain maximum exposure and yet reap a profitable purchase price. Furthermore, a preliminary non obligatory discussion would allow me to shed some light on my working style and comprehensive marketing strategies to get your unit maximum exposure through the various mediums and more. In addition, it will be best to understand more on the market insights as well as for me to run through the overview procedural framework.

Visit my website for my recent accolades and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

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Hi. Good day.
Lets discuss more in details. I will be available for a meet up.
You can reach me via 91442664  .
Best regards,
Tricia Tan
 91442664 
Group Director Read More

she can consider a resale flat ?

Whatsapp to 8279 8327 

Our charges are 1% commission for sales ..

Owners / landlords need property agent in sg ( agt ) to rent out or sale of your property
please contact handphone whatspp text to 8279 8327 

Xu zhen feng
R05-7810C / L300-9250K
Orangetee & Tie Pte Ltd
8279 - 8327

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