Asked by Oliver Lim
I am a batchelor worked overseas most of my career life. Hardly had any CPF and with no CPF, Medisave balance. Intent to sell my 4 rm HDB flat and buy a smaller 2 or 3 rm HDB flat. Question: What are the possible deductions I should anticpate from the proceed of sale of 4 rm HDB. If I do not have medisave balance , will the proceed be automatically be deducted to top up the medisave balance and if I am an undischarged bankrupt, will the proceed be deducted to pay my outstanding debt
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