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Hi gurus, i have a Q. Example if i bought my HDB at 500k. I paid 400k via CPF, and 100K via cash...Can i ask when i sold off my HDB, will i get 400k refunded back to CPF and get back 100k cash, or i will be getting 500k in cpf value?..
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2 Answers

Mike Lim
Replied
Afternoon Adrain,

If you sell your current unit at $500k, you will need to return $400k CPF plus interest back into your CPF account. Hence your cash return will be lesser tah $100k.

FYI
Mike Lim
 96929209 
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More
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Wee-Ling Chew
Replied
Hi, it depends on your selling price. You have to redeem the balance mortgage and refund CPF monies used + accrued interest into your CPF account. Thereafter, the balance (if any) will be able to be encashed (assuming no other subsequent HDB transactions).

Let me know if you have any other questions.

Thanks,
Wee-Ling
 9851-5470 
weeling.chew@gmail.com
SLP Realty
www.sgnortheast-newlaunch.com Read More
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