7 Answers

Hi, appreciate your sharing. Yes you can if taking HDB loan, depend if you have enough CPF OA.
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YT Tan (陈永达)
Good morning,

Yes you are eligible to use CPF OA funds to pay for purchase. You can double confirm with the law firm of your choice.

Hope my sharing aids in your property needs. Do contact me if you need any assistance.

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YT Tan
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Hi there,

Yes you pay use the funds in your CPF OA (Ordinary Account) if there are sufficient funds. Unlike a private resale condo purchase, the legal fees may be offset from the CPF OA (if there are sufficient funds), rather than pay in cash upfront. Do take note that you may not utilise funds from the CPF SA (Special Account) for this expense. Feel free to reach out to me if you would like to go through the numbers together if you had not made the big move yet. Cheers.

Annette Ang
Propnex Realty Pte Ltd
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My Answer with regards to your Question:

You can tap on your CPF Ordinary Account (OA) savings* to pay the legal fees and stamp duty in full. For stamp duty of a property that is already completed, you can pay cash first and get reimbursed from your CPF account later. If the property is still under construction, you can pay the stamp duty directly through your CPF.

*When you sell your flat, you’ll need to refund the money from your OA that was used for your home purchase. This includes the legal fees and stamp duty.

If you are taking a bank loan, you will have to appoint an external solicitor to handle the entire process. The cost can range from $2,500 - $3,000 on average. You can pay this with cash or CPF but do check with the law-firm if you can pay in full using your CPF.

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Tan Pei Cheng (Pei)
I would be glad to assist you.
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Hope to hear from you soon.
Pei
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