3 Answers

Aaron Chong
Hi, yes you could do it for both uncompleted as well as resale condo up to 15% of your OA.

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  • AA
    15% of OA?
    or 15% of property purchase price?
    if the former, then it means i cannot empty.
Ivan Ng

Yes you can utilize your OA fully to pay for the downpayment of the property. The typical breakdown is 5% cash 15% cpf 80% max bank loan. Which project are you considering at the moment? Thanks and hope to assist further.

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Ivan ERA
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D. Kumar

Yes you are absolutely right, you can utilize your entire CPF OA sum for the purchase. The typical 20% cash down payment includes 5% Cash & 15% CPF. May I ask if you have any projects in mind?

Perhaps you can share more on your objectives but most importantly the requirements ; any particular type/ location/ budget to conduct a comprehensive search and shortlist of appropriate units for your consideration. With that in mind, I will be able to conduct a comprehensive financial cash calculations and progressive payments w timeline to asses which residence option will best suit your interest and property portfolio. Best, to take this step by step, with a long term perspective ; % scope of appreciation and capital gains in mind.

To add, there is no agent fees involved ; so my consultation and service will come at no cost and you are walked step by step throughout the process. Do visit my website for my high level of awards and testimonials! Look forward to your reply!

D Kumar
+65 96659926
ERA Associate Division Director
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