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hi guru,, with changes in cpf,, is it true for 2nd property purchase, cpf no longer practice using half of minimum sum,, now is only u need to set aside full retiremum sum which is at 160k now n gradually will be increased year to year, then u can use the balance to pay for 2nd property?this seems hard to invest anymore,, i assuming buyers today really cash rich..i also assuming age 40 how many can still have more than 160k cpf if they already use for 1st property?
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2 Answers

Hi,

For 2nd property purchase, if you are 55 & below, only half of minimum sum needs to be set aside, before any excess in OA can be used to purchase 2nd property. Thanks and hope to assist with your requirements & purchase further.

Warm regards
Ivan ERA
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  • WK
    afraid going tru cpf website didnt state what u mentioned
Hi,

Do contact me so that I can understand more comprehensively on your exact finances to construct a progressive payment to advise you further. You need a detailed illustration to understand how to expedite your intended purchase. Do speak soon. Thanks!

D Kumar
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ERA Associate Division Director
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