3 Answers

Ling CK

(1) Your parents already in there 60s, implying their RA is locked and payout confirmed.
Thus there are no more changes to it.

(2) All sales proceed shall be in cash (if this is a positive sales) + CPF which will goes into OA.
All monies in OA are allowed to use to purchase property.

(3) You did not mentioned whether the current 3-rm flat is a resale or BTO, thus 2 scenario here:
(a) BTO: they will need to pay a resale levy of $30k if apply for BTO upon key collection.
(b) Resale: no resale levy occurred.

(4) Your parent residence status was not mentioned as well, if they are PR, then might icncurr upgrade levy as well.

(5) It is quite difficult to tabulate sale proceed with the information provided.
I would be glad to assist to tabulate if we can meet up with your parent to find out more info.

(6) Both plans are feasible, it dependent on the expected timeline to change, sales proceed is sufficient for them to get the flat in the expected location.

Please feel free to contact me at 90110636, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More


D. Kumar
Hi there,

Thank you for your query!
Above and beyond everything, I believe the financial calculations are imperative in this case to even begin anything. Furthermore, you should be well informed of the RA CPF funds, subsidies and levies in involved in the sales and purchase. As we can force a rather intricate process, do contact me to be able to help in a far more effective and informative manner- where I lay out each and every procedural framework steps as well as compute cash proceeds and share a customised sales and transaction caveats report for your understanding.

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
+65 96659926
ERA Associate Division Director

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

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2016 Read More


Ivan Ng

The sale price less
(1) the hdb loan (if any)
(2) CPF (P+I) to be refunded
(3) conveyancing & commission fees

Will be your balance sale proceeds. It should approx 285k +/- If you have pledged your property so as to withdraw cash from CPF RA at age of 55, the amount pledged has to be refunded and taken from the 285k approx proceeds.

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,
(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
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- 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.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More