How I work, and where the numbers come from
Plain figures first, recommendations second, and no pressure to list.
Shaukat Ali
Property consultant with PropNex Realty Pte Ltd, CEA registration R068687C. Clients know me as SAMO.
I work with owners in their 50s and 60s who are asking what their home should do for their retirement. A first conversation is about your plans, not a listing: we look at your numbers together, the options the rules allow, and what each would leave you with.
Methodology
- Sale costs
- 2% agent fee and $2,500 legal fees unless you change them.
- CPF refund
- The CPF you used plus accrued interest, refunded after the mortgage, capped at what the sale leaves.
- CPF LIFE estimate
- A range scaled from CPF's own published example: about $3,200 to $3,400 a month from 65 on the Standard Plan for a member aged 55 in 2026 who tops up to the Enhanced Retirement Sum ($440,800), capped at that sum. Older members get less. Use CPF's payout estimator for your own figure.
- Stamp duty
- IRAS buyer's and additional buyer's stamp duty rates for a second residential property.
- Sources
- CPF Board, HDB and IRAS. Policy figures last checked October 2026; each guide shows its own check date.
- Not advice
- Figures are estimates for education. Investment decisions need a licensed financial adviser.