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Hello, my husband and I are Singaporeans currently residing overseas. We've been out of touch with the property market recently. We currently have around $300K just sitting in our CPF. We don't want to buy a HDB, prefer a condo. Do we still require 5% deposit before we can utilise our cpf?
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2 Answers

Mike Lim
Replied
Evening,

Since you are looking at buying condo, you can only utilize bank loan. With 80% loan, you are required to pay 5% in cash and balance 15% in CPF and/or cash.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • CS
    Replied
    Is there any way we could legally use 100% of our CPF? Commercial property?
  • CS
    Replied
    Thanks everyone for your replies. I guess the rules haven't changed much. I was hoping to learn
Aaron Chong
Replied
Hi Ms CS

Yes, booking fee of a new launch condo is a 5% cheque payment. Pls feel free to contact me should you need any assistance. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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