Asked by
Dear Gurus,

I do not want to take out any loans.

I want to buy a resale HDB. I am eligible for Single Scheme.

I used the CPF calculator and I've saved up enough to fund my purchase using just my CPF OA and my savings. I'm thinking using all my CPF OA to fund 40% and the remaining 60% of total purchase price using my savings.

So if I am NOT taking HDB loan or Bank loan, can I still use all my CPF OA? Or will there be issues?
0
383 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

6 Answers

Hi,
Yes, you can finance the property via CPF and cash 100%, no loan is required.

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
0
Morning,

Since you have enough funds in both cash and OA, you do not require a mortgage loan. I have clients where they paid off the unit entirely with their CPF funds and cash.

Do feel free to contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Hi,

Yes you can use your full OA plus cash to fund the property purchase without taking any loan. Thanks and hope to assist with 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
0
Hi buyer,

Yes you can do that, but it will only be good if you're not intending to sell your house ever - when you sell off your house you'll have to deduct the accrued interest from the selling price.

Do think about it and contact me should you require any assistance.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
0
Hi

Yes you may use your CPF + cash to pay for your flat.

If you can email gavin.ng@orangetee.com, we can do a financial estimate as buying a flat will incur other expenses.

Gavin Read More
0
GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred SG Professional- ASAP Real Estate Services

Congrat, no issues to use OA CPF. What your plan, will give my professional advise anytime. :)

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com / sgagent.com
Skype: incomecare

Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”

Our SG Professional Services Youtube

Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI

SG Professional with presence that memorable at SGRealtor.com, SGAgent.com and SGAgents.com.

Do what the 99.99% won’t do, PLAN AHEAD TO A SUCCESSFUL TRANSITION INTO REAL ESTATE

Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.

www.HiSingapore.com –Singapore Housing and Commercial Property Guide
www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg

Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions