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My brother is 55.He will be applying for 2 room short lease flexi soon.
Can he sell his current flat to me at 100k below market value?
He has FRS in his retirement account.Will he be able to withdraw all sums above the FRS after the deal has been completed?
Thank you very much.
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2 Answers

Aaron Chong
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, after your brother sold his flat, he is able to collect cash proceeds if there is any. As for his utilised OA plus accrued interest being used for this housing, it will goes into his retirement account.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Brendan Bay
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Hi, I am Brendan!

If your brother had used CPF to finance his current flat, he may be required to top up any insufficient amount into his CPF if his flat is sold below market value.

It will be much more straightforward for me to explain to you in details over the phone.
Pls contact me at 9754 5207  or wa.me/6597545207.

Thank you!
Brendan Bay, ERA
 97545207 
wa.me/6597545207 Read More
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