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Hi, I intend to buy a HDB resale flat at sales price of $850,000. i currently have about $300,000 in my CPF so i intend to loan $550000. If i stay in the flat for 10years and sell it after that(say i sell at also $850,000), would i have enough cash to buy another property as i understand by then i have to put back my $ into CPF?
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4 Answers

Afternoon Belle,

Assuming that you have utilized $300k from CPF and loan $550k from bank to finance the upcoming unit that you are looking at, you will likely have more CPF back into your account when you opt to sell it later. You can then in-turn utilize the funds again to buy your next property, provided that you have not reached retirement age of 55.

Do feel free to contact me for your feasibility assessment.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,

10 years down the road when you sell, the cpf utilized + accrued interest will definitely be more than 300k as you utilize it to pay off part of the loan. As long as you have yet to turn 55 years old, based on current cpf policies, the CPF OA monies refunded when you sell will be fully usable for the next property purchase.

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

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Email: Ivanng10@gmail.com
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Hi Ms Belle

I have an Executive Maisonette for $850,000. If you are keen please call 9620 0827  . Alternatively you may write to gavin.ng@orangetee.com.

Gavin Read More
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