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Good day all the expert out there, i have some doubt on CPF withdrawal ruling, hope to get a little advise from you all. I am SPR with CPF OA balance of $30K, can I fully withdraw OA balance to pay partial of my down payment? if yes, subsequently I request for monthly instalment by deducting from CPF account, possible? (assuming the OA balance is now zero but the CPF monthly contribution is still continue as I am still under employed).. TQ :)
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1 Answer

YT Tan (陈永达)
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Good evening Edmund, your CPF OA funds will be utilized to finance the 15% CPF downpayment. If got excess, will be used to finance buyer's stamp duty. Yes you can pay off your monthly mortgage repayment by CPF OA funds. Hope my explanation helps. If you need any assistance in your property purchase, feel free to contact me. YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More
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