Asked by Mr. Rizal Samat
Hello everyone, as I have been away from Singapore for a very long time I realized that the regulation with regards to buying and selling of HDB have changed. First of all, I am interested in selling my 4 room flat and planning to buy a bigger HDB apartment.I just discovered that the regulation have change with regards to leaving a minimum sum of monies in our CPF medisave account. I have been working overseas for many years and have been serving my HDB loan and paying them in cash however when I made the initial purchase I used up all my money in my CPF ordinary account. What I have left is 467.02 in my ordinary account, 11,955.71 in my special account and 7922.68 in my medisave account.
From what I understand, if I sell my 4 room HDB, the total CPF funds that I once used to purchase will go back into my Ordinary CPF account and I still have to top up my medisave to the minimum required amount from the sale of my 4rm. I am confused with all the new rules, kindly advise.
From what I understand, if I sell my 4 room HDB, the total CPF funds that I once used to purchase will go back into my Ordinary CPF account and I still have to top up my medisave to the minimum required amount from the sale of my 4rm. I am confused with all the new rules, kindly advise.
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