AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi,

Assuming i sold off my hdb (only property) and proceeds are returned to both CPF OA and SA. Will i be able to use ALL the monies in OA and SA after that to buy my next property? Does minimum sum scheme come into play here?

rgds
sk
0 •
533 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Evening SK,

You can only and should have only utilized your OA for the mortgage loan repayment. Hence, after sales, your OA utilized plus interest will be returned back into your OA only. You will then be eligible to utilize all the amount in OA for your next purchase.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions