Asked by Anonymous
my dad intend to sell his flat(EA), and want to buy a resale flat(3-4room) after, the current place is full paid so we are downgrading as i am moving out of the place.
He is currently 60 and has a retirement account
my question when he sell his flat, approx (750k market rate) current cpf used is about 300k, the money will first go into full retirement account first?
and there after we can pledge the next property he is going to buy and use the half retirement sum to finance it?
also my mum is a co owner who did not use any cpf to finance the flat, does she also need to fufill full retirement sum?
do we need a lawyer to handle this for us? or we can use a HDB appointed lawyer, we intend to make the transition nearing the end of the year
any recommendations for any agent specialised in west side?
He is currently 60 and has a retirement account
my question when he sell his flat, approx (750k market rate) current cpf used is about 300k, the money will first go into full retirement account first?
and there after we can pledge the next property he is going to buy and use the half retirement sum to finance it?
also my mum is a co owner who did not use any cpf to finance the flat, does she also need to fufill full retirement sum?
do we need a lawyer to handle this for us? or we can use a HDB appointed lawyer, we intend to make the transition nearing the end of the year
any recommendations for any agent specialised in west side?
894 views
