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Hi Sir/Mdm,

After the sale, the CPF that you have utilised so far on the flat will go back into your CPF account. As you are above the age of 55 years old, you will need to fulfill the retirement sum and if there are excess funds, you will be able to withdraw from CPF as cash.

As for the purchase, you will still be able to use a portion of your CPF account to finance the purchase. It is important to figure out the numbers to see whether it is worthwhile to make the move due to your age as loan may not be an option.

Please feel free to contact me so that I can gather more information from you and help you explore the best option moving forward.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes Read More

Hi there!

Firstly, I would like to thank you for your query!
With sales and purchase, I always pre empt my clients with a thorough financial calculation plan with timeline to ease the transition.

Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline to narrow down ideal developments and shortlist exact unit layout type for your perusal. I have actively transacted many private properties (testimonials available on website) and since you may be unfamiliar with the process, you might want to tap onto advise and guidance in this regards, at no obligation of course.

I will walk you through the entire process and will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and customised sales report with projected returns/ capital gains for you to observe and understand. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

I have a huge belt of over 15 years of experience in the industry with multiple awards and accolades to my name till date- which speaks of my professionalism, body of work, skills and experience.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020

ERA ‘2020/2021 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2020
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2014-2020 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall Top 100 achievers 2014-2020 Read More

Hi

The calculations for those above 55 differs from normal. In general, once you sold your flat, you are required to retain a sum from the proceeds equivalent to your full retirement sum in your retirement account. The balance can be cashed out. Typically, CPF board will allow you usage of an amount in excess of your basic retirement sum for the purpose of purchasing the next house. In order to advise and assist you further, I will need more details in regards to your profile and financial circumstances. I am well-versed in HDB and have experienced assisting a couple of above-55 clients in the process and selling and buying. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More

Hi,

As you're above 55 years old, you may not be able to utilise all your CPF for your next flat, as you will need to set aside your Retirement Sum first.

I suggest we have a more in-depth discussion on this matter. Do drop me a WhatsApp message and we can take it from there.

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

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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

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Hello there!

With my strong foundation in property analysis, market trends, and legal frameworks, my expertise covers a broad spectrum of real estate matters.
From new launch investments to resale upgrades and financial planning, I believe in offering practical, data-driven insights tailored to your goals.

Whether you’re planning your first purchase or optimising your portfolio, I’ll help you make informed, strategic decisions.

My goal is to simplify decisions with clarity and data-backed advice — not pressure.

Contact me at 8444-0899  for a free, no-obligation consultation today.
Connect with me on Instagram, TikTok, YouTube, Facebook, Apple Podcast and Spotify at @johnlaiproperty
where I share weekly property insights, real-life case studies, and market updates to help you make smarter real estate decisions.

John Lai | 黎潍铭
 8444-0899  | john.lai@kwsingapore.com
Associate Growth Manager
KW Singapore Real Estate

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