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Hi,

Let me help you with these questions:

1) Yes, both of you can utilise CPF funds for your second property, provided both of you have set aside the Half Minimum Sum in your CPF.

2) If either of you are Singapore Citizen, you are allowed to keep your HDB and purchase a private property.

Just to add, do take note that if you still have existing mortgage loan on your HDB after 5 years, you can only loan up to a maximum of 50% of the property that you are going to purchase. Also, you will have to pay at least 25% of the downpayment in CASH.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Afternoon,

Either of you must be SC in order to be eligible to keep the HDB when you purchase your second property. As for the usage of CPF, you have need to set aside the CPF minimum sum before you are allowed to utilize the balance on your second property. However, with all these being said, rules and regulation might chase down the road. Hence it would be good to keep abreast with the news as time goes by.

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