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Hi John,

The grant your dad had taken will go back to his CPF and the cash proceed is determined by the selling price and the retirement age.

Kindly feel free to contact me for a free discussion.

Regards,
Ken Lim @ 9027-6142 
C & H Properties Pte Ltd Read More

Afternoon John,

The grant that your dad have consumed, for the purchase of the unit, will be stated in the "total CPF used for housing" figure found in the CPF website.

The profit from sales will be equal to selling price - CPF used - CPF interest. Whatever CPF your dad have accumulated will be return to his CPF account and locked into Retirement account. From there, he will be able to withdraw some money out every month from CPF.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi John,

I assume that you are selling the HDB on your own therefore seeking answers to your queries. Otherwise, it would be plain simple by finding out the above from your appointed salesperson.

The simple answer is whatever utilised from CPF will be returned to CPF with accrued interest. As for how much of the amount can be cashed out or utilised, it has to depend on the available figures in CPF account, as what Mike has mentioned, being returned to the retirement account after 55yo.

Remaining proceeds will be given back to both of you in cheque/cashier's order to be credited into your joint bank account.

My question to you is where are your father and you going to put up after selling?

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More