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Hi, appreciate your sharing. Yes you are right, for private you don't require to keep $20,000.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Good morning,

do you currently own any property on hand? Have you speak to any banker in regards to your IPA?

Is this condo purchase your first residential property purchase? If yes, do take that there will be additional buyer's stamp duty (ABSD) applicable as SPR.

Do you intend to buy a resale or brand new condo?

If you wish to purchase a resale condo, you can use CPF to pay for the 20% cash/ cpf downpayment. As for stamp duty, you have to pay in cash first and apply for reimbursement if you have spare CPF OA funds on hand.

And unlike HDB purchase in which you can opt to set aside $20k in OA, you can utilise all your CPF OA funds for loan repayment.

Do share more with me so I will be in a better position to advise or assist you further.

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

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!

Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Hi there, Yes you will be able to utilise all your OA for the purchase of our intended purchase. for your finanical aspect, it normally consist of three part, Cash, CPF and also your mortgage. My suggestion would be to do up your financial plan first, getting yourself more familiar with the monthly payment as well as your initial payment schedule. that will form you budget and will also serve as your base to launch your property hunt. Do drop me a text/call for a more detailed discussion before you commenced on your journey and I may just be able to point you in the right direction.
Cheers
Rix
 9687 1379  Read More

Hi,

Yes you can use all your CPF OA for down payment and stamp duty, provided the property balance lease lasts you until 95 years old. Do note ABSD of 5% applies for SPR first purchase. I have assisted SPR clients for their property purchase and will be happy to share the best approach, I am contactable at 97432395  .

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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Contact: (+65) 97432395 
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Buyer
Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More

Hi Sir/Mdm,

As you are under the age of 55 years old, you will be able to use all the funds in your CPF OA to pay for the condo. CPF can be used to pay for the 20% down payment and the legal fees. For stamp duty when buying a resale condo, you will need to pay in cash first as the lawyer would not be able to draw out the CPF in time to meet the timeline for the stamp duty payment.

Please feel free to contact me so that I can give you an overview of the purchase process and more importantly work out the financial plan for you!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020/2022/2023
Visit my website to know me better: www.nicktan.com.sg
WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“We have the privilege to work with Nick on our recent house purchase and we are extremely grateful for all the help he rendered to make the purchase a seamless experience!

Nick is attentive to all the requirements we have for our purchase and in the short span of time, he was able to provide us with potential shortlisted units that meet our criteria. (A big lifesaver for family with young kids and limited availability!) When conducting a viewing, Nick is highly proactive as he can be seen taking notes, asking questions, checking the conditions (that we missed or never thought of) and etc.

Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.”

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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,
You need not keep any balances in the CPF OA account. You can utilise all the monies.

But, you need to understand not all properties are the same. So, do engage an experienced agent to assist you to purchase that million dollar property. Some properties appreciate faster than the others.

As a buyer you do not pay me any fees. So, let me assist you to find the best condo/apartment.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Good morning

Being a PR myself understand your concerns and queries for first purchase in Singapore and using CPF .

Point 1 - Yes for the Downpayment and stamp duty you can use all your OA funds
Point 2 - Yes for loan installments you can use all the OA funds in you account.

However besides these there are other considerations and expenses before you buy a condo

Would be happy to meet up and share more and discuss and guide accordingly.
You can call and reach out to me on 94517062 
Priti - PropNex Realty Pte Ltd Read More

Hi Sir/Madam

I will be glad to assist
I am well versed in Private Property transaction and have done many transactions
Appreciate if you can contact me at (65) 9 6 6 0 8 5 0 8 with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More

Hi,

1) You are not restricted in utilizing the funds in your CPF OA to buy the first property.
2) You can use whatever you have in your OA to pay for the downpayment and stamp duty.
3) Please take note that although you are allowed to use the CPF funds to pay the stamp duty if you are buying a resale condo you have to pay the stamp duty first and then apply for reimbursement from the CPF.
4) This is because the time needed to receive approval from the CPF is insufficient to pay the stamp duty before the due date.
5) You may pay your monthly mortgage using a combination of CPF funds and cash.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

I hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More

My Answer with regards to your Question:

Dear Sir/Madam, It seems your questions have been addressed by DIFFERENT AGENTS. Have you sorted out your finances for the purchase? If you need assistance with financial assessment, feel free to reach out to me. It's an essential step before starting your home search.

Let me ASSIST further ,.....PM me : )

Whatsapp me at 9856 9255 

I am Sorry that This platform does not allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

I am Happy to Help with No obligations! If you have any more questions or need assistance, FEEL GOOD to let me know. I am here for You! Cheers :)

See my REVIEWS here: (Just need to Copy and Paste the link)

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

Final A,B,C NOTES:

(A): For BUYERS: SOLUTION for sourcing of RESALE and NEW PRIVATE Home such as Condominium or Landed properties. Represent you as BUYER > Currently there will be NO FEES CHARGED TO YOU/ FREE SERVICE. IN ADDITION:

(B)I can connect you with reputable banker for Private housing loan (IPA, In –Principle Approval), free of charge with no obligation.

(C) Finally , for mortgage home insurance matters , i have liasing partner to fulfill your needs as well .

YES , A ONE STOP SOLUTION Especially For You !

Singapore has hovering over 30000 licensed agents for the last 10 years as property agents come and go .And in my opinion, property guru is the most effective marketing platform this season in Singapore

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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!

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XXXXXXXX Read More

Hi
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

Hi, Yes you can use all your cpf oa to pay for down-payment and Stamp duty. Loan instalment doesn't need to set aside 20k.

However, do note that there are cash that needs to be paid
Down-payment -5% cash(20% cpf or cash)
Bsd and absd - cash first then can reimburse from cpf later

If you are looking for assistance, I can help .

If you are in the process of a property journey be it in renting/selling/buying/investing and you are looking for someone to assist you, I will be avaliable Do reach out to me for assistance.

Landon Chew
97 39 60 40
Landonchew@email.com Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

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https://www.cpf.gov.sg/member/faq/home-ownership/housing-scheme/how-much-cpf-savings-can-i-use-for-my-property-purchase Read More

Hi,

Do you require any further assistance?

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

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.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
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like renting / selling, buying / or investing, I'm here to help!
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