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I have a question.

Owner A and owner B own a private condo. Owner B is ill before they own the condo. They did use the CPF money to pay the down payment and subsequently every month. What happen to the CPF money that owner B had paid if suddenly owner B pass away? The CPF money that owner B used to pay for the condo need to be returned together with the interest to the CPF account?
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1 Answer

Afternoon,

That would depend on the manner of holding and if any WILL have being drafted. The unit might in joint tenancy or tenancy-in-common. Process will be different hence without understanding your case, I'm afraid I'm unable to advice.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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