Asked by Chene
Hi I am a PR for 2 years now, with a $1300 CPF contribution. I am looking at buying a condo unit for self occupancy in the next few months. I am open to new or already constructed projects.
I wanted to ask if I can utilise my CPF money to make the down payment as well as the monthly instalment payment? How much of my CPF money can I utilize for the down payment? Do I have to maintain a minimum balance amount in my CPF a/c as i pay my monthly payments?
Also do I get tax benefits for such housing payments?
I wanted to ask if I can utilise my CPF money to make the down payment as well as the monthly instalment payment? How much of my CPF money can I utilize for the down payment? Do I have to maintain a minimum balance amount in my CPF a/c as i pay my monthly payments?
Also do I get tax benefits for such housing payments?
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