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You will need to write in to CPF to get approval for using of your RA funds to purchase a HDB. Also, there is a 5 years minimum occupation period to be fulfilled after purchasing the flat so if you are residing overseas, how are you looking for fulfill this?

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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.

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Hi, appreciate your sharing. Able to do HFE to determine the outcome.
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Stewart-PropNex (Senior Associate Division Director) Read More
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Hi

You will need to fulfill your Full Retirement Sum first before any excess funds can be withdrawn for housing use. Also buying a HDB flat means a MOP of 5 years which you have to physically stay in the flat after purchase, is that part of your plan?

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Good day to you,

If you do not own a HDB unit at the moment, it is essential for you to meet the Full Retirement Sum requirement. This means you will need to ensure that you have sufficient savings set aside in your CPF account. Additionally, you'll need to obtain approval from CPF to access your Retirement account for the purpose of financing your home purchase.

Furthermore, given that you are currently working overseas, there may be complications in meeting the 5-year MOP required for HDB ownership. This period is crucial as it ensures that you live in the property for a designated time before considering any sale or transfer, and being abroad may affect your ability to fulfill this requirement.

Navigate Property Decisions with Confidence

With over 15 years of experience in Singapore's residential property sales and purchase (S&P) cases, I understand the complexities involved in the process. I aim to guide you every step of the way with clear communication, ensuring that all parties are legally represented and protected.

I offer in-depth knowledge in:
Ø Estate Planning and Distribution: Planning for the future can feel daunting. Let’s work together to create a smooth, transparent process that brings peace of mind.
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Schedule a Free Consultation Today! Let's discuss how I can assist you in your property journey. For more informative insights, follow our short video here: https://www.youtube.com/@YourSGHomeCompass-MLnU.

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1. **CPF Approval Required**: Before using your Retirement Account (RA) funds to buy an HDB flat, you must seek approval from CPF. Ensure you meet their criteria and provide necessary documentation.

2. **Minimum Occupation Period (MOP)**: HDB flats come with a 5-year MOP, meaning you must physically live in the flat during this period. If you’re overseas, consider how you’ll fulfill this requirement, as non-compliance can lead to penalties or forced sale of the flat.

3. **Plan for Residency**: If you’re currently abroad, evaluate your long-term plans. Will you return to Singapore within the 5-year MOP? If not, renting out the flat or leaving it vacant may not be viable options.

4. **Explore Alternatives**: If fulfilling the MOP is challenging, consider other housing options, such as private property, which may not have the same residency requirements.

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