5 Answers

Mike Lim
Replied
Morning Roger,

That would depend if this is your first or second property in holding. As you do not seems fluent on the property ruling, why not engage an agent to assist you accordingly?

Do contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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Ivan Ng
Replied
Hi,

You can use CPF OA to service your monthly mortgage repayments. If its your first time purchasing a unit, how about considering to work with a realtor who can be committed to answering your doubts and value-add to your housing plans? Your time and monetary savings will eventually outweigh any costs involved. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
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CK Ang
Replied
Hi Roger,
Yes, you can. But there are some rules that may you. To assist and advise you more accurately please drop me an email for me to share the details.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
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YT Tan (陈永达)
Replied
Good evening Roger,

great hearing from you!

Yes you can use your monthly CPF OA contribution to repay monthly mortgage repayments.

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte. Ltd.
Vice President (Agency)
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
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Mike Tay
Replied
Hi Mr Roger

Yes for 1st residential property.

For 2nd residential property, you can use in excess of $77,500 (this can be OA, SA and investment). The minimum sum is changed yearly.

CPF cannot be used for commercial properties.

Thanks & regards,

Mike Tay
EMBA, B.Sc

M: 97455178 
R042367C

E: mike@bestnewlaunches.com

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