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Hi Agents,
I am asking on behalf of my aunt.
She is 66 years old, widowed. She had sold her flat 4 years ago. Currently she wants to buy a 2 room flexi via Sale of Balance Flats. Currently she is receiving CPF payouts of abt $600/mth. She has around $80k in her CPF.
My question is, can she buy and finance her flat with her retirement account?
If not, what options does she have to finamce the flat purchase that costs around $70k?

Any help is greatly appreciated.
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1 Answer

Ling CK
Replied
Hi,

1) Usually before selling, she should have discussed with whoever assist to sell her flat.
2) She could have put up a request to CPF to reserve an amount for any future purchase if any.
3) Since damage is already done, at current you may assist her to put up a request via her CPF account -> concierge service.

Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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