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Hi, Gurus.

I've a HDB that is fully paid & have intention of buying private housing.

Currently our HDB was fully paid & both of us(me & wife)have some spare in our cpf ordinary acct. Can we use it for private housing d/p? Thereafter can we pay the monthly mogage installment by cpf?

PLs advise.

Thank You.
S&L
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1 Answer

J.A. Goh 吴永益
Replied
Hi Simon,

For any private property, the 1st 5% must be in cash. You can't use CPF. Next 15% you can use CPF or cash or combine. The balance 80% bank loan you can use CPF to serve the monthly installment.

Since private property has dropped by almost 20%, if you are financially ok and have the first 20%, you can always invest in a private, and then rent out your HDB for rental yield. This is one option you can go to maximise your investment. Or sell your HDB and upgrade to private.

I would be glad to assist you in hunting for your 2nd property once you have firm up your mind. Please feel free to drop me an email or call me directly for further discussion.

Thanks & Best Regards
J.A.Goh - ERA
HP: 9639 0350 
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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