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Hi buyer,

For both BSD & ABSD, you can use your CPF funds, but you'd have to come up with the cash first, and the money will be transferred from your CPF to bank account after that. Option money would have to be in cash.

Besides these, the main thing CPF can pay for is your month mortgage instalments.

Feel free to contact me at your convenience, and we can continue from there.

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

Hi

The current CPF housing policies allow you to use the funds for the payment of the stamp duty plus the additional buyer stamp duty, 15% downpayment, legal fee and to reduce or pay for your monthly mortgage.

The deposit S$5K (option fee + option exercise fee) will be in cash. Other cash payment will be the valuation report, resale registration and agency commission.

We have served many SPR/SPR couples in the purchase of HDB flats.

You may call 9620 0827  or email gavin.ng@orangetee.com should you need assistance.

Regards

Gavin Read More

Good evening buyer,

Do take note that for SPR household, both must fulfill SPR status for at least 3 years before you are eligible to purchase resale HDB.

If you are able to obtain max 80% bank loan, your initial outlay will be as such:

1) 5% cash downpayment (inclusive of $5k option fee)
2) 15% CPF OA funds or cash downpayment
3) estimated 3% buyer's stamp duty (CPF OA funds)
4) 5% ABSD as SPR (CPF OA funds)
5) $80 resale application (cash)
6) $200 valuation (cash)
7) $2k private legal fee (CPF OA funds or cash)
8) agent commission: 1% of purchase price plus 7% GST (cash)

For payment of stamp duties, usually law firm will request buyers to pay in cash first because CPF board might not have sufficient time to release funds to pay IRAS within 2 weeks. You can apply for cash reimbursement if you have excess CPF OA funds later.

Hope my sharing is beneficial to your property purchase.

I assisted quite a number of SPR buyers before and wish you can benefit from me like them as well.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Morning,

ABSD, 5% down payment and Option Exercise fee are all require cash item for purchase of residential property. You seems to be relatively unfamiliar with the S&P procedure. It would be good to engage an agent to assist you accordingly.

Do contact me further for detail discussion.

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

Hi,
CPF can used to pay for BSD, ABSD, legal fee and the 15% down payment. I can assist to compute the estimated loan quantum and explain to you the cost break down.

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