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Good morning Sir/ Mdm,

Most clients who experienced this didnt not top up the negative sale (in your case, $44k) in cash back to CPF cause they sold their units on or above valuation.

You can write in to CPF board yourself or law firm if you use private lawyer to request for waiver subject to approval (usually okay).

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

If you are able to sell at or above valuation price, for negative sales typically there is no need to top up in cash for the CPF refund portion that cannot be covered by the sale price.

I have worked on similar cases and help clients to successfully resolve this issue. The key is to sell at reasonable price range and estimate a price close to the valuation. 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,

1) The condition to get wavier for this shortfall is your flat must be sold at or above market value.
2) After selling, you just need to make use of the econcierge in your CPF account to appeal to the CPF board for the waiver.

Hope the above answer 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,

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, for negative sale cases, seller do not need to top up the difference in cash and I did a couple for such cases.

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

Dear Sir/Mdm,

I have personally transacted many negative sale units and none of my clients are required to top up the shortfall in their CPF. However, it is important to note that we will need to transact the property at a price which is at or higher than market valuation.

Please feel free to contact me so that I can give you an overview of the sale process and explain in details the negative sale and what to watch out for!

Regards,
Nick Tan
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Susana (Buyer) Read More

Hi,

Not to worry at all. If you sell your HDB flat at or above Valuation, you need not refund the negative portion back to your CPF. CPF will just treat this as an "investment loss".

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