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Hi there. I would like to ask a question and i am abit confused about this selling of house thing. If my house have been fully paid, when i sell it can i get it back in cash? Heard that i will only get the access and the rest will be refund back to my CPF. I think my dads house is now 380K. So what if someone want to buy my house in 380K cash money? Hows that work out?
Thanks alot!
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2 Answers

Mike Lim
Replied
Morning,

As per your example, the amount of cash you have get back = Selling Price - Total CPF Used - Total Accrued Interest.

FYI
Mike Lim
 96929209 
ERA Read More
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Choo Jia Ming
Replied
Dear Faris,

If your dad use FULL CASH when he bought his house, you would get back CASH from the sales.

Otherwise, Your cash proceeds will be less the amount to CPF used + Incurred interest

Hope this helps

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More
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