Asked by Anonymous
Is it possible to use CPF Retirement Account to buy resale HDB?
I am above 55 years old, under the old retirement sum scheme, and intending to sell my current HDB to purchase another HDB. No property pledge on my current HDB.
Understand that amount from my CPF used to purchase my current flat will be used to top-up my Retirement Account to FRS and the rest will be paid back to me as cash.
Is it possible for me to use Retirement Account balance above BRS to purchase another resale HDB flat and will it involve any property pledge?
I am above 55 years old, under the old retirement sum scheme, and intending to sell my current HDB to purchase another HDB. No property pledge on my current HDB.
Understand that amount from my CPF used to purchase my current flat will be used to top-up my Retirement Account to FRS and the rest will be paid back to me as cash.
Is it possible for me to use Retirement Account balance above BRS to purchase another resale HDB flat and will it involve any property pledge?
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