AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
How do we check the minimum sum that we need to have in our CPF account? Different age will have different minimum sum right? After setting aside a minimum sum, can I still use my cpf to buy subsequent properties for investment? After selling the properties at a profit, will the money return to my cpf?
0 •
799 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Morning,

If you do not have any property at hand that have utilized CPF, you are not reqiuired to set aside the CPF minimum sum. Kindly refer to the following website for the information that you required. http://ask-us.cpf.gov.sg/efa/answer/index.htm?sourceType=3&search_text=minimum+sum
If you had a current property that have utilized CPF for the mortgage, you will only be allowed to utilize CPF upon setting aside the minimum sum. If oyu do sell away the unit in the future, the CPF component utilized wil be return back to your CPF account, along with the interest earned.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions