Good evening,
Yes he would be required to refund first the CPF utilized + accrued interest amounts back into his Retirement Account, so as to meet his Full Retirement Sum (if he has withdrawn CPF monies at age 55). If there are still balance amounts after meeting the FRS, he can withdraw the balance as cash proceeds.
If he intends to purchase another flat, there will be a line item reflecting how much CPF OA he can use for the next property purchase as well.
I am familiar with transactions as I have worked with home owners at a similar phase of life and will be able to share the best approach to make the housing plans a smooth process. Client reviews below.
https://www.facebook.com/watch/?v=2838583429535183
Please get in touch with me at
97432395
for a more detailed discussion as I would not be able to reach you here :)
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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact:
(+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.
-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --
We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities.
We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.
We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded
-- HDB Hougang 4-RM Sellers Mdm. Ng & Jean --
Ivan was the first and only agent that we met before engaging him as our exclusive agent. At the first meeting, Ivan meticulously went through the entire sale process. As we were not familiar with the procedures, he spent extra time to explain what was required from us and what we should expect. Within a week, we had secured an offer from the buyer. Ivan was reliable and responsive, and he made the entire process smooth and hassle free
-- HDB Sellers of Woodlands Exec Maisonette Gaffoor & Isha --
Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout
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