Friday, June 27, 2008

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Paying HDB with CPF: Know the CPF Rules

The following blog post was an account of how money paid for a HDB flat was nullified when the account holder died cause the CPF account ceases.

Do you understand all the CPF rules?: "Only at the final appointment to complete the sale in late September, did I learn that the HDB and CPF Board do not take into account the big amount of CPF funds my brother used to buy the flat when computing his estate's share of the sale proceeds. Because he is dead and has no CPF account, that money is treated as if it did not exist."

For property buyers utilising their CPF for the payment of their HDB flat, you should refer to the CPF rules with regard to such policy.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation


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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.

Smart Buyer :)