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My dad & i are looking to sell our EA at Kovan, and move closer to Yishun/Sembawang. My dad just turned 55 in June this year, and i understand that upon selling that he will have to maintain a minimum sum in his CPF. Question is, apart from the min sum & resale levy, what other costs should we be aware of? Many thanks!
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1 Answer

Mike Lim
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Afternoon Peixian,

As your dad just reach 55 this year, he need to check with CPF on how much your dad need to set aside and how much he can utilize, if your intention is to purchase another unit with him, after the sales. As for resale levy, if you are buying resale unit, you are not required to pay any resale levy. However, legal and stamp fee still apply.

Do feel free to contact me so that we can work out on the details.

Regards
Mike Lim
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