Hope you are managing well.
If both of you are Singaporeans, the CPF 1st timer housing grants and proximity housing grants would have been distributed equally to your respective CPF OA accounts before its deducted for your flat purchase previously. Hence the amount to refund to your respective CPF OA in terms of the grants would be fair and need not be disputed. Your respective CPF usage for the house would also be stated clearly in the CPF website when you do a singpass login, hence the amounts to refund is quite clear.
However, selling back to HDB may not be actually the best option because they will not take back the house at market valuation. And it is also on case by case approval basis whether they will allow such an arrangement. If the divorce proceedings are in progress, you can wait for the Final Judgement Court Order to be out and use that as a basis for the appeal to sell within MOP period on the open market.
And finally how much cash proceeds depends on the housing loan outstanding, the CPF refunds and the eventual sale price. We can do a simple calculation if you have all the figures on hand to estimate whether the 30k sale proceeds is possible.
Hope the above clarifies. Thanks and look forward to value-add to your housing plans.
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- 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.