HDB > HDB
Mr Tan is 54 years old this year and stay in a 5 room HDB flat. He is required to keep $166,000 in his CPF Retirement Account upon reaching 55 years old. Here, he has planned to downgrade to a smaller HDB flat. After working out a detailed financial calculation with him, he can safely downgrade to a fully paid HDB flat before his CPF is locked up in his CPF Retirement Account.