Asked by
My spouse and i are age 52 and 68. We bought new 5 room from hdb in Sengkang back in 2000 and re-paid loan already. Thinking of retirement funding by downgrading to 3, 4 or studio but the thought of the hdb levy $45k imposed seems too painful.

Any good suggestions taking into the various rules and regulation by HDB and CPF?

Gerald
0
587 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Hi Gerald,

If you were to opt for resale units, there should be no levy payable usually. Let me know more in details of your situation to advise or assist better.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
0
Hi,

If you opt for resale HDB, there will be no resale levy payable. However, some of your CPF funds may go toward meeting the minimum sum for retirement, hence they can't be used for the next flat. Thanks and hope to understand your requirements further so to value-add to your housing plans.

Warm Regards,
Ivan Ng
Proactive. Sincerity. Feedback.
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
0
Evening,

If you are getting resale HDB unit with bank loan or without loan, you will not be liable for levy.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions