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Hi

The amount used inclusive of accrued interest will be refunded to your CPF. You may used used the amount in your OA.

You may text 9620 0827  for a casual chat.

Gavin Read More

Hi there, after your current HDB is completed, the HDB grants will be equally distributed to both your CPF O/A. In the event of you getting a resale HDB under a Owner/Essential Occupier ownership. You can only utilize the full CPF OA of the owner for that unit you are getting. As such, it would be good to do up your finances before you proceed with your transition. Do give me a call or text for a more detailed discussion before you proceed. Cheers
Rix Jim
 9687 1379 
Rix.jim@hotmail.com
PN Read More

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, yes all the cpf utilised together with interest incurred will be refunded to your cpf account upon the sale of your flat.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

1) Assume both of you are SC to simplify the explanation.
2) Assume your grant received $50k under CPF Housing Grant. So after selling off, each will receive $25k + accrued interest based on the grant amount.
3) New purchase, 1 owner will be utilized his/her existing CPF OA + sales proceed (all utilized CPF + accrued interest + $25k + accrued interest of grant).
4) Under a revised policy by CPF in 2020. Buyer has a choice to keep $20k in his/her CPF OA for rainy days or any other reason if using HDB loan.
5) Under bank loan, buyer always has a choice of deciding how much to keep in his/her CPF OA.
6) Government always prefer buyer to utilize all funds available in CPF OA so as to reduce their mortgage.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Sir,

It doesn't work this way. The Grants that you had taken would have been credited to your individual CPF accounts, and would form part of the CPF used for the flat.

In the event of a positive Sale, the CPF used would be refunded back into your respective CPF accounts, with accrued interest. If it's a negative Sale, the amount to be refunded would be apportioned accordingly based on the balance after settling the outstanding loan.

As for the next HDB purchase, if you're below age 55, you can fully utilise the CPF monies in the purchaser's CPF. If you're above age 55, you will need to set aside your Basic Retirement Sum before being able to use the balance for your flat purchase.

Do take note that should you take up a second HDB concessionary loan for your next purchase, you will also need to top up in Cash whatever CPF monies the Occupier had been refunded.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear Sir,

The grant together with the accrual interests will be returned to both your accounts in equal proportion. If you wish to buy another flat as one owner and one occupier, only the owner's income will be used towards the loan assessment and only the owners CPF can be used towards purchasing the HDB.

I have assisted many of my clients to transit smoothly and seamlessly from one HDB to another. You will have to pay attention to the transition timeline and the finances so that you can minimise your cash outlay and also move from one HDB to another without the need for an interim housing solution.

Please feel free to contact me so that I can understand your situation better and draw up a transition plan for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to get to know me better:
www.nicktan.com.sg
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Hi,

Yes the grants utilized are part of the CPF OA utilized + accrued interest, and these will be refunded back to your CPF OA after selling. You can then use the CPF OA for your next property purchase. Only the owner is allowed to use CPF OA for the property.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi sir

I fully understand what you meant on this. For first timer grants, it is distributed equally amongst 2 parties at the point of purchase and therefore will be refunded amongst the 2 parties at the point of sales. To check the exact amount on how much CPF both you and wife are required to refund assuming you sell the flat now, you may log in your CPF and check under 'CPF Usage for Property' section. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More