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Good day to you,

As you are aged 55, you will not be required to fulfill the wait-out period after selling your EC. You will be eligible to purchase resale HDB 2-room to 4-room flat.
Upon reaching age of 55, the amount in your OA would have been transferred to SA, forming RA account. You will need to write to CPF Board and request them to hold onto the funds, from the selling of your EC, so that you can utilize it for the upcoming HDB purchase.

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Regards
Mike Lim
 96929209 
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ERA Read More

Good morning,

current regulation states that private owner(s) who are 55 years old and above can purchase up to 4RM flat after disposal of existing private property.

https://www.channelnewsasia.com/singapore/property-cooling-15-month-wait-private-homeowners-buy-resale-hdb-analysts-2975946

After sale of your existing EC, you can use the balance CPF OA funds for next property purchase after your FRS is fulfilled.

https://www.cpf.gov.sg/member/infohub/educational-resources/selling-your-flat-age-55-cpf-refund

We can work out your figures first before proceeding with the next step.

Hope my sharing aids in your property needs. Do contact me if you need any assistance.

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Hi, appreciate your sharing. Yes only resale 4 room HDB. The rest have you to await 15 months to purchase 5 room HDB and above. Able to use up if you have enough retirement funds.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes in your case you can purchase HDB flat right away once the EC is being sold.

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

At age 55, you can purchase a resale 4 room HDB or smaller unit after selling existing condo. If you are looking at bigger units, you will need to wait out for 15 months period.

As for CPF funds usage, if you do not have the necessary funds in your RA, then you will need to apply to CPF board to set aside the funds from your sale of current EC to finance your HDB purchase.

——

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I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

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Hi,

Upon reaching 55 years old, after selling private property you can purchase resale hdb 4-room size and below immediately no issue. You need to set aside your full retirement sum first in your RA before any excess cpf OA can be used for the hdb purchase. You can write in anytime before you reach 55 to request to set aside some funds for property purchase before it goes into the RA.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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1. Since you are 55 years old, you won't need to fulfill the wait-out period after selling your EC.
2. You will be eligible to purchase a resale HDB flat ranging from 2-room to 4-room.
3. Upon reaching 55, your funds in the OA will be transferred to the SA, forming your RA account.
4. You should contact the CPF Board to request that they retain the funds from the sale of your EC for your upcoming HDB purchase.
5. If you wish to buy larger units, you will need to observe a 15-month wait-out period.
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