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For instance, if you and your spouse are servicing a loan of a HDB house at 300k using both CPF. Over the years, the price of the flat appreciate till 500k and decided to sell it. May i know how is the proceed be segregated? Is the 500k in cash, or CPF monies? or 300k in CPF and 200k in cash? or neither
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2 Answers

Mike Lim
Replied
Morning Roy,

Assuming that your unit have being fully paid for, your cash proceed will be what's left after your have return CPF board your CPF monies, including accrued interest. The cheque will be issued under both names.

FYI
Mike Lim
 96929209 
ERA Read More
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Ander Ang
Replied
Hi Roy,

For example, the selling price of the flat is 500k.

Thus 500k,

LESS 50k outstanding loan
LESS 300k CPF refund plus accrued interest

Cash proceeds = 150k.

The cash proceeds is the balance after deducting the outstanding mortgage loan and CPF refund plus accrued interest.

Please call me at 98628691  for further discussion.

Thanks.
Ander DTZ Read More
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