AskGuru Q&A Community

Good afternoon Steven,

With the sales on your current unit, the CPF contributed will be returned to their respective CPF account, inclusive of interest. As for the cash proceed, it will be issued out by cheque. All the co-owners of the unit will need to open an joint account for the cheque to be en-cashed. Your parents do not need to top up their CPF account with the cash proceed.

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

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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

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Landon Chew
97 39 60 40
landonchew@email.com Read More