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1 King Albert Park HDB Questions

Asked by Anonymous 20 Apr 2015

Do i have to top-up my CPF with cash if my sales proceeds (after deducting outstanding loan) is lesser than the amount I used from my CPF Acct. Thanks.

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Ivan Ng · Answer 1 · 2015-04-20T18:17:26+08:00

Ivan Ng

Replied 20 Apr 2015

Hi,

Yes you have to top up by cash to your CPF account so as to refund the CPF monies utilized for the property. In this case it may not be recommended to sell. However is there any misconception about your sale price? Perhaps it may not fetch that low an amount. Thanks and may I have the location so to discuss further?

Warm regards
Ivan ERA
97432395
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Mike Lim · Answer 2 · 2015-04-20T18:28:44+08:00

Mike Lim

Replied 20 Apr 2015

Evening,

Based on your case, you will be suffering CPF lose. It's not necessary to top up the difference but you will be required to set aside the Option and Exercise monies that have being given to you by the buyers.

Do contact me further if you require further assistance.

Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More

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