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Hi,
Min sum is required after age of 55. You can sell and purchase using contra. Please drop me an email for me to assist and advice you more in details.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good morning Sir/ Mdm,

Yes you are required to set aside basic retirement sum of $83k when you sell off your current flat then thereafter you can use the excess in your purchase.

Perhaps we should do up a financial plan first before proceeding further.

May I know when will be a good time to meet up?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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Hi,

Yes you need to fulfil the retirement sum before you can use any excess monies in the CPF RA to purchase the next hdb. I have assisted pioneer generation clients before and have transacted at telok blangah drive, will be in a good position to advise on the best approach on the sell & buy process.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
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(Client's Testimonials)

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HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

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Translation from Mandarin:

We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.

We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.

We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready. Read More

Hi Owner. Yes firstly , you will need to fulfil the minimum sum I your cpf. Lets meet up for a detailed chat and I can run through the financials with you.

Tricia Tan
 91442664 
Group Director. Read More

Good afternoon,

It would be required of you to fulfill the CPF minimum sum before you are eligible to utilize the balance for the next purchase. However, in some cases, you can work with both CPF board and HDB to have have the CPF fund from your current unit to be transferred straight into the next purchase.

Do feel free to contact me should you require further assistance.

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

Dear Sir/Mdm,

Once you have the past the 55 years old mark, you will need to set aside 1/2 of your minimum sum (basic retirement sum) in your CPF account. What this means is that a portion of your refunded CPF from the sale of this flat will be locked in your CPF account and you WILL NOT be able to utilise this amount for the purchase of your next flat.

To confirm the exact amount, you can log on to CPF website using your singpass to check. If you do not have enough CPF and cannot secure a sufficient loan, there is also an option of appealing to CPF board to use a higher amount.

In my opinion, it will be better to plan out the finances to ensure that the sale and purchase made sense before you decide whether to proceed.

Please feel free to contact me so that I can understand your situation better before providing you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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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.”
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min sum required .

Whatsapp to 8279 8327 

Our charges are 1% commission for sales ..

Owners / landlords need property agent in sg ( agt ) to rent out or sale of your property
please contact handphone whatspp text to 8279 8327 

Xu zhen feng
R05-7810C / L300-9250K
Orangetee & Tie Pte Ltd
8279 - 8327

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