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I just submitted my resale purchasing HDB application & I’m using my CPF to pay x% of the installment. Combined with my other buyers’ CPF, it still does not cover 100% of the monthly instalment, the balance will be paid in cash. I intend to take on an additional job for more income and ofc, CPF. will this new amount of cpf be deducted as well or is there a way to preserve it?
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5 Answers

As a home buyer, you can apportion the amount of CPF funds to be used for paying off your home loan.

Hope the above helps!

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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.

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Hi,

1) You will be asked to submit a GIRO form for the monthly installment payment by cash on the completion appointment.
2) The amount for the monthly CPF deduction is already determined by then as well.
3) So any new CPF contribution from your additional job will not be touched and shall be saved in your OA unless you change yourself.

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

Hope the above answer 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
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Hi, appreciate your sharing. The future CPF OA that you are making, able to start to use for the mortgage paying.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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Hi,

You can choose to adjust the amount to be deducted from CPF OA monthly for your monthly housing repayment, it can be done online at CPF website also after your completion. The balance shortfall of the monthly mortgage (if any), hdb will require you to provide GIRO arrangements or require monthly fund transfer.

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
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