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I understand that if my mum sells off her flat, the sales proceed must be refunded to her cpf with accrued interest. To which account? Ordinary or medisave or retirement? And she has to top up her medisave to the minimum sum before she can get any balance in cash, ,if any.
After selling the flat, can she stay put in the current flat for about 2-3 months whilst waiting to secure another hdb flat?
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3 Answers

Mike Lim
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Evening,

The CPF utilized, along with interest, will be returned back to CPF OA account after sales of the unit. If your mother is above retirement age, she will need to check with CPF board on how much of her CPF monies can be used for purchase of housing. As for the extension of stay, it will be subjected to prior agreement with the buyer as HDB permits max of 3 months extension of stay, should your mother opt to purchase another HDB unit.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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OHMYHOME PTE LTD
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Landon Chew
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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.

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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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