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Is it true that if the profits made from the selling of a current flat exceeds more than $50K, then half of the profits has to go back into CPF, ordinary account? Is it mandatory? For example, Current flat was bought at 250K , Sold at $450K . After topping back 250K back to CPF, the profits are $200K (including COV). Must I still put the half of the profits , i.e $100K , back into CPF? Anyway to avoid this if it is true?
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8 Answers

William Koh
Replied
Hi Mdm Jessie,

Where do you get this information from? It's not true.
You only have to top up back the CPF that you have contributed with interests, then minus off your outstanding mortgage loan, then the rest will be your cash profit.

Feel free to contact me if you have any further queries.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.HomeOfSg.com
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www.sgBartleyResidences.com
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Mike Lim
Replied
Morning Jessie,

You might have being confused with the current ruling. Whatever amount that you have paid for your current unit in CPF, inclusive of interest, will be credited back into your CPF OA.

As for the cash profit, you are allowed to keep it unless you are purchasing another unit HDB unit using second HDB loan. It will not be put back into your CPF OA but to be used to off-set the amount of loan that will be disperse to you for the purchase.

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

Regards
Mike Lim
 96929209 
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  • JS
    Replied
    Hi, If I am purchasing another HDB unit using a second HDB loan, how much does HDB requires us to use the cash profits to offset for the new loan? Can't I just use whatever in my CPF OA to offset for the new loan without using my cash profits? The amount to offset for the new loan is determined by us or dictated by HDB?
Jaslin Poh
Replied
Hi Mdm Jessie,

For your same scenario & to apply for HDB loan w/o touching your cash profit is a no-no case.

The only solution is to apply for bank loan for your next purchase regardless of NEW/Resale flat. For bank loan, the procedure will be 5% cash & 15% CPF/Cash, follow by max loan of 80% if you do not have any outstanding mortgage loan.

Shall you have more queries, you may email me direct jaslin_poh@ymail.com

Regards
Jaslin
mobile 83339131  Read More
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Able S.K Toh
Replied
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Able S.K Toh
Replied
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

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(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

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(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: @ +65 9 8 5 6 9 2 5 5

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** ✔✔Connect Singapore Line: ✔✔(65) 9856*9255

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NEW Launches Condominium in SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!! Read More
2
Upvote Upvoted
Able S.K Toh
Replied
WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.

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For PRIVATE HOME BUYERS

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CHINESE VERSION // 中文版本

如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。

✔✔ 房地产经纪（董事) 诗强:/ABLE TOH (65)9856 9255 
WhatsApp：https://wa.me/6598569255

✔✔✔查看我的客户评价：
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https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

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--------------- 结束 / The END ------------------ Read More
0
Upvote Upvoted
Able S.K Toh
Replied
WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.

-----------------------99Years------------------------999Years---------------------->>>

IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.

WhatsApp me at ✔✔ ABLE TOH (65) 9856 9255  , Property Agent (Director ) or via this link:

https://wa.me/6598569255

Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.

✔✔✔You can READ my REVIEWS here:Able S K Toh

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

For PRIVATE HOME BUYERS

✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge

✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents

DEVELOPER SALES TEAM

✔✔ BEST PRICES ✔✔ NO AGENT FEES

✔✔ LOWEST PRICE GUARANTEED

For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.

✔✔ Connect Singapore Line (ABLE TOH): (65) 9856 9255  , Property Agent (Director )

✔✔ WhatsApp: https://wa.me/6598569255
✔✔ Email: Able.selling@gmail.com

---///------
CHINESE VERSION // 中文版本

如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。

✔✔ 房地产经纪（董事) 诗强:/ABLE TOH (65)9856 9255 
WhatsApp：https://wa.me/6598569255

✔✔✔查看我的客户评价：
Able S K Toh,房地产经纪（董事) 诗强
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费

发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价

新推出私人公寓资料、电子手册、户型图及价格表，
欢迎随时联系。

✔✔ 新加坡联系号码（ABLE TOH）/ 诗强：（65）9856-9255
✔✔ 电子邮箱：Able.selling@gmail.com

--------------- 结束 / The END ------------------ Read More
0
Upvote Upvoted
Able S.K Toh
Replied
WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.

-----------------------99Years------------------------999Years---------------------->>>

IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.

WhatsApp me at ✔✔ ABLE TOH (65) 9856 9255  , Property Agent (Director ) or via this link:

https://wa.me/6598569255

Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.

✔✔✔You can READ my REVIEWS here:Able S K Toh

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

For PRIVATE HOME BUYERS

✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge

✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents

DEVELOPER SALES TEAM

✔✔ BEST PRICES ✔✔ NO AGENT FEES

✔✔ LOWEST PRICE GUARANTEED

For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.

✔✔ Connect Singapore Line (ABLE TOH): (65) 9856 9255  , Property Agent (Director )

✔✔ WhatsApp: https://wa.me/6598569255
✔✔ Email: Able.selling@gmail.com

---///------
CHINESE VERSION // 中文版本

如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。

✔✔ 房地产经纪（董事) 诗强:/ABLE TOH (65)9856 9255 
WhatsApp：https://wa.me/6598569255

✔✔✔查看我的客户评价：
Able S K Toh,房地产经纪（董事) 诗强
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费

发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价

新推出私人公寓资料、电子手册、户型图及价格表，
欢迎随时联系。

✔✔ 新加坡联系号码（ABLE TOH）/ 诗强：（65）9856-9255
✔✔ 电子邮箱：Able.selling@gmail.com

--------------- 结束 / The END ------------------ Read More
0
Upvote Upvoted

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