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HI,

I am interested in buying a HDB 2 storey shophouse. But I have a few questions in mind:

1. Can I use my CPF to pay for the downpayment? If yes, how many %?
eg. 15% cash, 15% CPF?

2. Can I use CPF to pay for my monthly installment?

3. Can I get HDB Loan for this?

If any experts can advise me on these questions, thank you.

rgds
Leon
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3 Answers

Hi Leon,

1. You may not use CPF to pay for downpayment nor may you be able to use CPF to finance the monthly installment. The scheme to use CPF for payment of non-residential properties had ended in July 2006.

3. For commercial property, you will not be entitled for HDB Loan as the purchase of such non-residential properties are for the purpose of use by a business, and hence only eligible to apply for commercial loans from the bank.

I have a few HDB shophouses available for sale. You may also choose to take over current leases from existing HDB tenants for your business instead of an outright purchase of the property.

You may contact me for more information of how you can still operate your business or invest in commercial property.

Cheers,
Yian Tay
ERA Realty
Mobile: 81003493 
Email: yiantay@hot-property.sg Read More
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WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
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WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can READ my REVIEWS here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

*** DEVELOPER SALES TEAM !!! BEST PRICES !!! NO AGENT FEES !! LOWEST PRICE GUARANTEED !!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST !!! Read More
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