I have more than $500,000 in my CPF ordinary accounts. I'm looking for a small condo for investment. Budget not more than $500,000. Can I use 100% CPF to invest in it? I'm now living and based oversea.
Posted by FOO DAVID on Aug 1, 2008 in Home Buying | 1141 Views
Latest Answers by Real Estate Professionals (5 Answers)
Answer Posted on Aug 5, 2008
Hi David
you should know by now of your question been answered by other agents.Please do not hesitate to call me @ 98311223/or email at:macplast@singnet.com.sg for further information or details. Hope to hear from you soonest. Thank & Regards
you should know by now of your question been answered by other agents.Please do not hesitate to call me @ 98311223/or email at:macplast@singnet.com.sg for further information or details. Hope to hear from you soonest. Thank & Regards
Answer Posted on Aug 4, 2008
Hi Mr Foo
Your question had answer by the other agent.
Private studio apartment at 517sq ft and freehold. TOP early 09. 11min walk to novena MRT. area that near novena is alway a prime location for investment and owner is selling at 580k and negotiable. Just min drive to PIE.
5% cash + 15% can use CPF to pay and balance by instalment and as you had 500k in cpf fund
eg:
~for a property of 580K
~5% is 29K
~CPF Use 470k
~Stamp fee is abt 12k (can use CPF but pay cash first and claim back.)
~legal fee is abt 2.03k ( can be use CPF but pay cash first and claim.)
~balance of 80k loan base 15yrs loan and 3.5% interest is $579.05
my email is kentlkc@gmail.com or 97226944
kent loke
Your question had answer by the other agent.
Private studio apartment at 517sq ft and freehold. TOP early 09. 11min walk to novena MRT. area that near novena is alway a prime location for investment and owner is selling at 580k and negotiable. Just min drive to PIE.
5% cash + 15% can use CPF to pay and balance by instalment and as you had 500k in cpf fund
eg:
~for a property of 580K
~5% is 29K
~CPF Use 470k
~Stamp fee is abt 12k (can use CPF but pay cash first and claim back.)
~legal fee is abt 2.03k ( can be use CPF but pay cash first and claim.)
~balance of 80k loan base 15yrs loan and 3.5% interest is $579.05
my email is kentlkc@gmail.com or 97226944
kent loke
Answer Posted on Aug 4, 2008
Hi David,U may use all ur CPF but valuation must be able to support.but u still need the initial downpayment of 5% cash.I do hv some property below 500k.Do call me at 81000888 for details
Jason Koh
Jason Koh
Answer Posted on Aug 1, 2008
Hi sir, Yes, you can use 100% of the amount in your ordirary account only. But initial 5% of the purchase price has to be in Cash. This is only for first time buyers and residential properties only. For more info, you can call me at 81578044, or email to me at rsprop@gmail.com. Pls visit my website at www.simran.myweb.sg Thanks! Have a good day!
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