Asked by Shawn Tan
Dear Property Experts,
My spouse and I are 52 this year, SPR and we are bankrupted. We are interested in buying a flat with their CPF monies. Are we allowed to do so? We are looking at four rooms flat. Also, what will happen after I buy the flat? Will the OA or my creditor force me to sell my flat again if my property appreciates in value? I also worried that I will be forced to sell my house after 55 and I am left with no place to stay. Please advice.
My spouse and I are 52 this year, SPR and we are bankrupted. We are interested in buying a flat with their CPF monies. Are we allowed to do so? We are looking at four rooms flat. Also, what will happen after I buy the flat? Will the OA or my creditor force me to sell my flat again if my property appreciates in value? I also worried that I will be forced to sell my house after 55 and I am left with no place to stay. Please advice.
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