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Hi my dad is staying at serangoon blk 147 4A and intending to sell his house.
He is 60 and my mum is 58. Can he sell his house and use the remaining profit from the house to buy a 3room flat?
Will the profit go back to his retirement fund? Please advise as my dad is serious in selling. Is there any other ways to not put the profit back to the retirement fund?
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2 Answers

Ken Tan
Replied
Hi Jacob,

When an owner sells his flat after 55 years old. Certain percentage of his CPF will be kept aside for his retirement fund.

Feel free to contact me for assistance.

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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Alvin Tang
Replied
hi Jacob,
It be to check with HDB on the amount of cpf needed to be kept.
I can help you all the arrangement. Please do give me a call

Regards
Alvin
ERA
H/P: 8383 5277  / 9146 4333  Read More
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