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Hi there! Understand you would like to de-couple on your current property with your spouse.

May I have more information and requirements about your plan to understand your situation better? My team & I have curated an exclusive app to help our clients make better decisions for their Property Portfolio as well as concerns. You may contact me at 90300391  https://wa.me/6590300391

Looking forward to connect with you!

Ng Chung Sze
PropNex
ChungRealtor智 Read More

Hi,

If you have enough to meet the full retirement sum amount in your CPF Retirement Account, the excess CPF OA can be used for next housing purchase. Your FRS should be $186k since you turn 55 years old in 2021. So if you have OA in excess of 186k in RA, the OA can be used for housing purchase.

I have helped owners in similar situation to do a successful decoupling and to purchase a new property thereafter. Will be ideal to do a detailed financial plan so you can know what to expect. I am contactable at 97432395  for further discussion.

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More

Hi, appreciate your sharing. Able to check with banker what the maximum loan you can attained before working out your budget. For your current unit, you are require to use cash to TOP up the difference that your wife has used for CPF for your current unit. For de-couple, able to check with law firm before proceeding.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

Yes, this is possible. You can still use your CPF to pay for your property as long as you have fulfilled your Retirement Sum.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi Sir/Mdm,

Decoupling is possible in your case but we have to calculate and determine how much CPF you can use towards the purchase of the new property because you are above the age of 55 and will need to use the refunded CPF to fulfill your Full Retirement Sum before you can use the excess for housing purchase.

Please feel free to contact me so that I can assist you to calculate and advise you whether this approach is feasible.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020/2022/2023
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Testimonial from Satisfied Clients
“We have the privilege to work with Nick on our recent house purchase and we are extremely grateful for all the help he rendered to make the purchase a seamless experience!

Nick is attentive to all the requirements we have for our purchase and in the short span of time, he was able to provide us with potential shortlisted units that meet our criteria. (A big lifesaver for family with young kids and limited availability!) When conducting a viewing, Nick is highly proactive as he can be seen taking notes, asking questions, checking the conditions (that we missed or never thought of) and etc.

Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.”

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

My Answer with regards to your Question:

Maximum Loan Consultation:

You can consult with a banker to determine the maximum loan amount you can attain before finalizing your budget for the new property.

CPF Usage for Property:

You can still use your CPF savings to pay for the new property if you have fulfilled your Retirement Sum requirements.

De-Coupling Consideration:

Before proceeding with de-coupling, it's advisable to consult with a law firm to understand the legal implications and process involved.

I am Sorry that This platform does not allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

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You will be able to utilise the excess funds in your CPF from your full retirement sum for the purchase after the part share. Importantly, your wife has to have the financial capacity to refund you whatever funds you have utilised for this property including the accrued interest. Read More

Hi Do contact me at 97970200  to fix an appointment, understand more and discuss

Mark, your RIGHT choice
Propnex Read More

Hi,

1) This is known as decoupling where one party of a married couple sells his shares in a property to his spouse.
2) You may do this since this is a private residential property.
3) You may engage a conveyance lawyer to assist in completing the whole process.
4) You have to look into your spouse's financial status to ensure the whole process can be carried out.
5) Yes, you can use all the funds under your OA for your new property.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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 Read More