Asked by Anonymous
Can I use my CPF to pay for additional buyer stamp duty ?
19321 views
10 Answers
Hi,
Yes can use CPF to pay for stamp duties. But typically, you need to pay in cash first and reimburse from your CPF later (if sufficient monies). May I know are you referring to under construction or resale projects? Thanks and look forward to value-add to your housing plans further.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
Yes can use CPF to pay for stamp duties. But typically, you need to pay in cash first and reimburse from your CPF later (if sufficient monies). May I know are you referring to under construction or resale projects? Thanks and look forward to value-add to your housing plans further.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
Hi buyer,
Yes you can, but you'd have to pay in cash first as funds wouldn't be released in time for the payment deadline for ABSD.
Feel free to contact me at your convenience, and we can carry on from there.
Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602 Read More
Yes you can, but you'd have to pay in cash first as funds wouldn't be released in time for the payment deadline for ABSD.
Feel free to contact me at your convenience, and we can carry on from there.
Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602 Read More
Hi There,
to be more accurate, it would be good to know if the 2nd property you are keen on is a Resale or a Building Under Construction project (aka New Launches)?
The above differs to how one may utilise his CPF for ABSD. Here is how it works and other factors you need to consider:
Resale or BUC:-
both must set aside Minimum Sum (MS). BUC after setting aside MS, u can use CPF for ABSD.
Resale after setting aside MS, you need to use cash 1st then later your lawyer will help you get it reimburse from your CPF.
I can easily be contacted @ 81860101 to help you further along the way. This includes how to determine the resale unit or new launch you are zooming in is worth to buy or better to stay clear. I may be even able to help you restructure/gear up your current asset and you still end up with 2 properties, presumably 1 for own stay and the other to collect rentals for passive income, PLUS, cash on hand for a rainy day :)
Hope to hear from you. Cheers!
Felix (DWG) @ 81860101
Snr Branch Director Read More
to be more accurate, it would be good to know if the 2nd property you are keen on is a Resale or a Building Under Construction project (aka New Launches)?
The above differs to how one may utilise his CPF for ABSD. Here is how it works and other factors you need to consider:
Resale or BUC:-
both must set aside Minimum Sum (MS). BUC after setting aside MS, u can use CPF for ABSD.
Resale after setting aside MS, you need to use cash 1st then later your lawyer will help you get it reimburse from your CPF.
I can easily be contacted @ 81860101 to help you further along the way. This includes how to determine the resale unit or new launch you are zooming in is worth to buy or better to stay clear. I may be even able to help you restructure/gear up your current asset and you still end up with 2 properties, presumably 1 for own stay and the other to collect rentals for passive income, PLUS, cash on hand for a rainy day :)
Hope to hear from you. Cheers!
Felix (DWG) @ 81860101
Snr Branch Director Read More
Hi,
Yes is possible, but have to informed the lawyer earlier.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More
Yes is possible, but have to informed the lawyer earlier.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More
Hi,
You may do so, however, standard practise involves using cash first and reimbursing later. Perhaps you can share more on your requirements, objectives and finances on hand so that I can conduct the progressive payment calculations to narrow your options for your consideration.
To add, there is no fees involved, hence do get in touch so that I can render my consultation and give an overview of the procedural framework- shortlisting of units, negotiation, paperwork, payment timeline & financial computations, market insights report, comprehensive customized sales/rental report, latest up to date transaction caveats in chosen project and handling all legal coordination and admin matters at no cost!
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)
#1 team of ERA in Singapore, Asia Pacific International for 2014/2015
2015/2016 ERA Asia-Pacific Business Conference Elite Award
ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14/15
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall 2014/2015 ERA Top Achievers Read More
You may do so, however, standard practise involves using cash first and reimbursing later. Perhaps you can share more on your requirements, objectives and finances on hand so that I can conduct the progressive payment calculations to narrow your options for your consideration.
To add, there is no fees involved, hence do get in touch so that I can render my consultation and give an overview of the procedural framework- shortlisting of units, negotiation, paperwork, payment timeline & financial computations, market insights report, comprehensive customized sales/rental report, latest up to date transaction caveats in chosen project and handling all legal coordination and admin matters at no cost!
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)
#1 team of ERA in Singapore, Asia Pacific International for 2014/2015
2015/2016 ERA Asia-Pacific Business Conference Elite Award
ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14/15
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall 2014/2015 ERA Top Achievers Read More
Good evening buyer,
Yes you can pay stamp duties by CPF OA funds but CPF board might not be able to release the funds in time to pay IRAS thus law firm will advise you to pay in cash first.
Unless you are purchasing a new launch then you might not be encountering this problem.
Hope my sharing is beneficial to your property purchase.
May I know how can I value add further in this purchase?
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More
Yes you can pay stamp duties by CPF OA funds but CPF board might not be able to release the funds in time to pay IRAS thus law firm will advise you to pay in cash first.
Unless you are purchasing a new launch then you might not be encountering this problem.
Hope my sharing is beneficial to your property purchase.
May I know how can I value add further in this purchase?
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More
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(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(2) (***) ✅✅ You can READ my REVIEWS here:
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(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 9 8 5 6 9 2 5 5
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*** ✔✔Connect Singapore Line: ✔✔(65) 9856*9255
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3
WhatsApp me at >>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 9 8 5 6 9 2 5 5
***(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 SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!! Read More
----------------------------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 9 8 5 6 9 2 5 5
***(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 SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!! Read More
3
WhatsApp me at >>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 9 8 5 6 9 2 5 5
***(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 SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!! Read More
----------------------------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 9 8 5 6 9 2 5 5
***(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 SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!! Read More
3