Asked by a***@gmail.com
ABSD can pay directly using CPF for SPR buying resale HDB? thanks
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11 Answers
Hi! Yes, if you’re a Singapore PR buying a resale HDB and you’re liable for ABSD, you can use your CPF Ordinary Account to pay for the ABSD—but only after you’ve paid the stamp duty in cash first. After that, you can apply for a reimbursement from CPF, subject to their approval.
If you’d like help planning your purchase or calculating the costs involved, feel free to reach out.
Aren Goh | PropNex Read More
If you’d like help planning your purchase or calculating the costs involved, feel free to reach out.
Aren Goh | PropNex Read More
Good day to you.
A Singapore Permanent Resident (SPR) purchasing a resale HDB flat (their initial residential property) can utilize their CPF Ordinary Account (OA) to pay for the 5% Additional Buyer’s Stamp Duty (ABSD), but you will likely need to make the payment in cash initially and then request a reimbursement from your CPF OA. It is essential to have enough funds in your CPF OA to cover the ABSD, after catering funds for BSD. If your CPF OA balance is inadequate, any remaining amount must be settled in cash.
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.
Ø Divorce: Navigating property settlements during a divorce can be challenging. I provide expert guidance to help you achieve a fair and efficient outcome.
Ø And More: From Power of Attorney to navigating financial challenges, I handle various situations to address your concerns and empower you to move forward confidently.
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.
Regards
Mike Lim
96929209
R026708F
m52i@yahoo.com
ERA Read More
A Singapore Permanent Resident (SPR) purchasing a resale HDB flat (their initial residential property) can utilize their CPF Ordinary Account (OA) to pay for the 5% Additional Buyer’s Stamp Duty (ABSD), but you will likely need to make the payment in cash initially and then request a reimbursement from your CPF OA. It is essential to have enough funds in your CPF OA to cover the ABSD, after catering funds for BSD. If your CPF OA balance is inadequate, any remaining amount must be settled in cash.
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.
Ø Divorce: Navigating property settlements during a divorce can be challenging. I provide expert guidance to help you achieve a fair and efficient outcome.
Ø And More: From Power of Attorney to navigating financial challenges, I handle various situations to address your concerns and empower you to move forward confidently.
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.
Regards
Mike Lim
96929209
R026708F
m52i@yahoo.com
ERA Read More
Hi,
I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes you could.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes you could.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi,
Yes, you may utilize fund in your CPF OA for the stamp duty, this would include the Buyer Stamp Duty (BSD) & Additional Buyer Stamp Duty (ABSD).
All The Best!!!
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://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/
Note:
Any response to our answer does not reach us until we scroll through every query posted daily.
The best way to get a follow-up is to contact us directly via WhatsApp or email. Read More
Yes, you may utilize fund in your CPF OA for the stamp duty, this would include the Buyer Stamp Duty (BSD) & Additional Buyer Stamp Duty (ABSD).
All The Best!!!
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://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/
Note:
Any response to our answer does not reach us until we scroll through every query posted daily.
The best way to get a follow-up is to contact us directly via WhatsApp or email. Read More
1
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 Read More
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 Read More
Your CPF savings can be used to pay the stamp duty and survey fees. However, monthly service and conservancy charges, along with other charges related to the use of the property, including taxes, cannot be paid with your CPF savings.
As stamp duty is payable within 14 days from the date of the sale and purchase agreement or the date of acceptance of the option to purchase, you may need to use cash to pay the stamp duty first.
Subsequently, you can apply for a one-time reimbursement from your CPF account together with your application to use your CPF savings to buy a property.
Note you should apply for the one-time reimbursement of stamp duty and CPF lump sum drawdown on completion at the same time.
If you are taking an HDB loan, it is important to check with HDB on your eligibility to apply for a one-time reimbursement of stamp duty from your CPF account.
I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss your options if you need any support.
Feel free to reach out via whatsapp or email.
Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
As stamp duty is payable within 14 days from the date of the sale and purchase agreement or the date of acceptance of the option to purchase, you may need to use cash to pay the stamp duty first.
Subsequently, you can apply for a one-time reimbursement from your CPF account together with your application to use your CPF savings to buy a property.
Note you should apply for the one-time reimbursement of stamp duty and CPF lump sum drawdown on completion at the same time.
If you are taking an HDB loan, it is important to check with HDB on your eligibility to apply for a one-time reimbursement of stamp duty from your CPF account.
I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss your options if you need any support.
Feel free to reach out via whatsapp or email.
Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
1. Yes, as a **Singapore PR buying a resale HDB**, you can use your **CPF Ordinary Account (OA)** to cover the **ABSD** — but there’s a process to follow.
2. You must first **pay the ABSD in cash upfront** at the time of purchase.
3. After that, you can **apply to CPF for reimbursement**, subject to CPF’s approval and conditions.
“Start where you are. Use what you have. Do what you can.” — Arthur Ashe
WhatsApp me at: ABLE Toh (65) 9856-9255 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
(1) "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 )
(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)
*** You can reach me at my Singapore mobile: (65) 9856 9255 or email me at Able.selling@gmail.com.
***(4) ✅ ✅ ✅ 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!!!
NEW Launches Condominium in 2025 , call , whatsapp me FOR BEST CHEAPEST, LOWEST PRICE:
NORTH Region //
N1.Springleaf Residence – Upper Thomson Road, D26 | OCR | ~3 min to Springleaf MRT (TEL)
N2.Artisan 8 – Sin Ming Road, D20 | RCR | ~4 min to Upper Thomson MRT (TEL)
N3.Canberra Crescent Residences – Canberra Crescent, D27 | OCR | ~6 min to Canberra MRT (NSL)
SOUTH Region //
S1.UpperHouse @ Orchard – Orchard Boulevard, D10 | CCR | Direct link to Orchard Boulevard MRT (TEL)
S2.Zion Residences – Zion Road, D9 | CCR | ~4 min to Great World MRT (TEL)
S3.Promenade Peak – Zion Road, D9 | CCR | ~5 min to Havelock MRT (TEL)
S4.Robertson Opus – Unity Street, D9 | CCR | ~7 min to Fort Canning MRT (DTL)
S5.River Green – River Valley Road, D9 | CCR | ~5 min to Great World MRT (TEL)
EAST Region //
E1.Arina East Residences – Tanjong Rhu Road, D15 | RCR | ~3 min to Katong Park MRT (TEL)
E2,Amber House – Amber Gardens, D15 | RCR | ~10 min to Tanjong Katong / Marine Parade MRT (TEL)
E3.Mori @ Guillemard – Guillemard Road, D14 | RCR | ~8 min to Mountbatten MRT (CCL)
WEST Region //
W1.LyndenWoods – Science Park Drive, D5 | RCR | ~5 min to Kent Ridge MRT (CCL)
W2,Bloomsbury Residences – Media Circle, D5 | RCR | ~8 min to one-north MRT (CCL)
W3.Faber Walk GLS – Faber Walk, D5 | RCR | ~10 min to Clementi MRT (EWL)
W4.Elta Condo (Clementi Ave 1) – Clementi Avenue 1, D5 | RCR | ~10 min to Clementi MRT (EWL)
OTHERS / OCR Launches //
O1.One Marina Gardens – Marina Gardens Lane, D1 | CCR | ~2 min to Marina South MRT (TEL)
O2.W Residences Marina View – Marina View, D1 | CCR | ~2 min to Shenton Way MRT (TEL)
O3.Otto Place EC – Plantation Close, D24 | OCR | ~6 min to Tengah Park MRT (JRL)
O4.The SEN – De Souza Avenue, D21 | OCR | ~8 min to Hillview MRT (DTL)
O5.Skye at Holland – Holland Drive, D10 | CCR | ~6 min to Holland Village MRT (CCL)
O6.Margaret Drive GLS – Margaret Drive, D3 | RCR | ~5 min to Queenstown MRT (EWL)
QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More
2. You must first **pay the ABSD in cash upfront** at the time of purchase.
3. After that, you can **apply to CPF for reimbursement**, subject to CPF’s approval and conditions.
“Start where you are. Use what you have. Do what you can.” — Arthur Ashe
WhatsApp me at: ABLE Toh (65) 9856-9255 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
(1) "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 )
(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)
*** You can reach me at my Singapore mobile: (65) 9856 9255 or email me at Able.selling@gmail.com.
***(4) ✅ ✅ ✅ 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!!!
NEW Launches Condominium in 2025 , call , whatsapp me FOR BEST CHEAPEST, LOWEST PRICE:
NORTH Region //
N1.Springleaf Residence – Upper Thomson Road, D26 | OCR | ~3 min to Springleaf MRT (TEL)
N2.Artisan 8 – Sin Ming Road, D20 | RCR | ~4 min to Upper Thomson MRT (TEL)
N3.Canberra Crescent Residences – Canberra Crescent, D27 | OCR | ~6 min to Canberra MRT (NSL)
SOUTH Region //
S1.UpperHouse @ Orchard – Orchard Boulevard, D10 | CCR | Direct link to Orchard Boulevard MRT (TEL)
S2.Zion Residences – Zion Road, D9 | CCR | ~4 min to Great World MRT (TEL)
S3.Promenade Peak – Zion Road, D9 | CCR | ~5 min to Havelock MRT (TEL)
S4.Robertson Opus – Unity Street, D9 | CCR | ~7 min to Fort Canning MRT (DTL)
S5.River Green – River Valley Road, D9 | CCR | ~5 min to Great World MRT (TEL)
EAST Region //
E1.Arina East Residences – Tanjong Rhu Road, D15 | RCR | ~3 min to Katong Park MRT (TEL)
E2,Amber House – Amber Gardens, D15 | RCR | ~10 min to Tanjong Katong / Marine Parade MRT (TEL)
E3.Mori @ Guillemard – Guillemard Road, D14 | RCR | ~8 min to Mountbatten MRT (CCL)
WEST Region //
W1.LyndenWoods – Science Park Drive, D5 | RCR | ~5 min to Kent Ridge MRT (CCL)
W2,Bloomsbury Residences – Media Circle, D5 | RCR | ~8 min to one-north MRT (CCL)
W3.Faber Walk GLS – Faber Walk, D5 | RCR | ~10 min to Clementi MRT (EWL)
W4.Elta Condo (Clementi Ave 1) – Clementi Avenue 1, D5 | RCR | ~10 min to Clementi MRT (EWL)
OTHERS / OCR Launches //
O1.One Marina Gardens – Marina Gardens Lane, D1 | CCR | ~2 min to Marina South MRT (TEL)
O2.W Residences Marina View – Marina View, D1 | CCR | ~2 min to Shenton Way MRT (TEL)
O3.Otto Place EC – Plantation Close, D24 | OCR | ~6 min to Tengah Park MRT (JRL)
O4.The SEN – De Souza Avenue, D21 | OCR | ~8 min to Hillview MRT (DTL)
O5.Skye at Holland – Holland Drive, D10 | CCR | ~6 min to Holland Village MRT (CCL)
O6.Margaret Drive GLS – Margaret Drive, D3 | RCR | ~5 min to Queenstown MRT (EWL)
QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More
Hi
Yes it may be possible but you have to link up with the law firm earlier and work with experienced law firm.
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
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever
SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: https://propertyportal.era.com.sg/agent/detail/R052114D
(Client's Testimonials)
CEA: R052114D
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
Yes it may be possible but you have to link up with the law firm earlier and work with experienced law firm.
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
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever
SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: https://propertyportal.era.com.sg/agent/detail/R052114D
(Client's Testimonials)
CEA: R052114D
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
Hi, yes you may provided your cpf has sufficient amount for deduction , otherwise you have to use cash to pay first.
About Me:
I am a dedicated and knowledgeable real estate professional committed to helping clients find their dream property or secure the best value for their investments. With a strong understanding of the local market trends, personalized service, and transparent communication, I strive to make the buying, selling, or renting process smooth and stress-free. Whether you're a first-time homebuyer, an investor, or looking to upgrade, I’m here to guide you every step of the way. Let’s connect and turn your property goals into reality!
Services Offered:
Residential & Commercial Properties
Buy/Sell/Rent Assistance
Market Insights & Valuation
Negotiation & Transaction Support
Contact me today for a seamless real estate experience! Read More
About Me:
I am a dedicated and knowledgeable real estate professional committed to helping clients find their dream property or secure the best value for their investments. With a strong understanding of the local market trends, personalized service, and transparent communication, I strive to make the buying, selling, or renting process smooth and stress-free. Whether you're a first-time homebuyer, an investor, or looking to upgrade, I’m here to guide you every step of the way. Let’s connect and turn your property goals into reality!
Services Offered:
Residential & Commercial Properties
Buy/Sell/Rent Assistance
Market Insights & Valuation
Negotiation & Transaction Support
Contact me today for a seamless real estate experience! Read More
Hi, I’m Sam from PropNex, your trusted realtor in Singapore. Whether you’re buying, selling, or investing in property, I’m here to guide you every step of the way. Feel free to reach me at 8911 8921
for a friendly chat about your property needs.
Read More