4 Answers

Hi,

Yes its possible. Once the 80k has been used to top up the RA and meet the Full Retirement Sum for his cohort, the excess CPF OA can be used for the next property. And yes for yourself, you can still use the CPF OA refund for the next property.

I have just assisted an elderly couple in a similar situation to sell off their EA in pasir ris at a good price and smoothly transit to Punggol 4-room. Hope to assist your family as well.

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
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

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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. You are always having your smiles whenever we met for discussion.

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0
Robbie Chen Chee Howe
Hi Mdm,

Yes, your Husband would be able to utilise this CPF monies for the next flat, after he has set aside his Retirement Sum.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0
Hi
Yes. 170k will be returned by CPF board to your husband and can be therefore can be used for whatever purpose. In fact CPF board generally allows a person to use whatever amount in excess of the basic retirement sum to be used for the next house (have to write in to CPF). This may increase your budget for your next housing or you would be able to retain more cash. In your husband case, from the information above I estimate $80000 of the amount refunded to his CPF retirement account can still be used for the next housing besides the $170k you mentioned. I have assisted several 'club 55' sellers in transitioning smoothly to their next house and plan their finances in accordance to their needs and liking. I am specialised in HDB transactions. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
CEA Reg No: R061607B
Contact No: 93375051 
ERA Realty Network Pte Ltd Read More
0
Hi,

1) You didn't mention whether this is the fund needed for his basic retirement sum or full retirement sum.
2) If this is his basic retirement sum (BRS) you are referring to, it means that he only has this $170K to utilize for the next purchase.
3) If this is his full retirement sum (FRS), it means that he can also utilize excess funds exceed his basic retirement sum (BRS = $80k at 2016).

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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