2 Answers

Carel Yong
Dear Sir/Mdm, assuming you are a Singapore Citizen and on a normal basis of not having outstanding loans, it is possible that you may still utilize your CPF OA to finance the loan taken for the 2nd property assuming that the CPF minimum sum has been set aside already and there's enough funds in CPF OA after which. You may like to also contact CPF to reconfirm your enquiry. Also, do take note that purchasing 2nd property will incur additional buyer stamp duty on top of normal buyer stamp duty. Do get in touch with me to understand more and to have a non-obligation discussion. I do not charge any fees for assisting to purchase a private property. Thanks. Carel Yong, Propnex. Assoc. Team Director. 92273334. Carelyong@gmail.com Read More

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YT Tan (陈永达)
Good afternoon, if your household has at least a SC, you will be allowed to hold on to your HDB and purchase a private property. Do take note that you have to set aside $74k in your CPF OA+ SA accounts first before you can use the excess OA funds to finance your purchase and additional buyer's stamp duty will be payable for second property. Hope it helps! Cheers! YT Tan ECG Property 9111 5171 yt.lovelyhomes@gmail.com Read More

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