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Hi,

You can utilize the full CPF OA of that particular owners' even though the ownership is just 10%. Its not pro-rated. There are also other considerations involved in decoupling, as you would need to refund the CPF utilized of the outgoing owner, and the remaining owner must be able to finance the existing loan on his sole income.

I have worked on similar cases and would be able to share the pros & cons of each approach. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi;

Yes, you still can fully utilise your CPF for the property regardless of the percentage of ownership.But do bear in mind that, if that party use CPF monies to pay for the property, in future when he/she wants to exit, the CPF needs to be refunded back in full together with accrued interest. Proper financial calculation and planning is needed in order to execute this plan. Please feel free to contact me if you would like to know more on the pros and cons of decoupling. Thanks

Regards;
Lyna Song
 9623 8442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://r025113i.propnex.net Read More

Hi Mdm,

Even if one owns 1% of the property, he/she can use the full CPF amount to pay for the property.

However, do take note that in the event that the 1% owner exits from the property, the full CPF (plus accrued interest) that had been utilized for the property will need to be refunded back to the CPF-OA.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Madam

I will be glad to assist
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi there,

You can use full even if it's just 1% ownership, but you have to consider the legal fees involved in the decoupling later on, whether it's worth it.

Feel free to contact me to discuss further.

Regards,
Teck Chuan
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602  Read More

Dear Mdm,

As long as the owner owns 1% of the property, he or she will be able to utilise all the CPF in the OA towards purchasing the property. However, owning a small percentage may become a challenge when you wish to decouple next time especially if the exiting party is using a significant amount of CPF.

Please feel free to contact me so that I can explain to you in detail the decoupling process and the considerations that you may want to take note of!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

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http://bit.ly/buypropertyguide

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Hi do contact me at 97970200  to discuss more on your plans

Mark, your RIGHT choice
Propnex Read More

Hi

There is no limit on how much CPF you can utilised regardless of the ownership shares. This is a common strategy used by those thinking to invest in a second private property. I do provide free and non obligatory discussions in regard to property transaction in Singapore. Do contact me at 93375051  for a free and non obligatory discussions in this.

Regards
Taufik Hussein
ERA Realty Netwrok Pte Ltd Read More

HI,

Your understand is correct. However, this has to plan early.
You may utilize all CPF regardless of how much share you own in the property.

There are some other facts that you must understand:
1) In the situation where property already under Joint tenancy or Tenancy-In-Common where share is 50/50. When you do decouple, you are selling your share to co-owner.
So if you do the 1st time, let say, 40%. Co-owner is buying this 40% of your share. Buyer stamp duty is not solely dependent on the value sold. It is according to market value of this 40%.
So do not think if I sell $1 for this 40%, stamp duty is charge according to $1.

2) Everytime you sell your share, there is legal fee imposed on this transaction; buy & sell. Thus legal fee is higher than normal transaction.
The more you split to sell your share, the more legal fee you are going to incurred.
Thus usually when doing decoupling, it is only done only once to avoid more legal cost.

3) You may select not to bank in the cash cheque from decoupling but you have to return all CPF utilized in this property including accrued interest.
Thus you have to do your maths correct to ensure it is fruitful to do a decoupling. You have to ensure after decoupling you are able to achieve your objective at the end of the day.

4) I would suggest to speak to a real estate agent who understand the process and able to do an initial calculation on your decoupling before committing.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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