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Hi,

If you are single SC, 35 and above, you can purchase resale HDB on your own. If you purchase with your fiance, he will have to dispose his overseas property after key collection to resale hdb.

The amount of CPF you have utilized for the property (be it hdb flat/private property) will be returned to your OA plus the accrued interest. Also, loan need to be paid off upon selling, any proceeds left will be cash. Yes you can use CPF to partially fund your property purchase.

Thanks and may I understand your requirements further so to value-add further? Hope to discuss further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(Client's Testimonials) Read More

Hi,
Below is my input.
1. Single SG citizen is eligible if 35 and above.
2. The CPF amount used for the property plus the incurred interest have to be return to CPF OA.
3. You can use CPF to pay for the condo monthly mortgage instalment . After you sold the condo, the CPF amount used plus the incurred interest has to be return to CPF OA.

I can assist to work out the financial plan and compute the loan quantum for your reference.

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

Evening，

Being SC aged 35 or more, you are eligible to purchase resale HDB unit. The profit on the sales of the unit will be returned to you. The amount of CPF utilized, inclusive of interest will be credited back to your CPF account. This can then again be utilized for your next purchase.

Do contact me further should you require my assistance.

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

Good evening buyer,

1) You will be eligible to purchase a resale HDB if you are eligible under Single Singapore citizen scheme (must be at least 35 years old).

If not, you have to purchase under fiance/ fiancee or public scheme. Which means your boyfriend will have to dispose off his overseas property within 6 months from purchase completion.

2) If you sell off your unit in the future, you are allowed to keep the sales proceeds. This is derived by taking sale price minus off CPF utilised plus accrued interest (will go back to CPF OA), outstanding loan and misc costs like agent commission, resale application fee, legal fee etc.

3) You can use your CPF OA funds to finance your monthly mortgage. Sales proceeds will be derived the same way as I mentioned above.

Hope my explanation gives you a clearer picture.

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

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
(W): www.propertyavenue.com.sg Read More

Hi,

It is possible to buy a resale under the single scheme but you must be 35 years and above. But since you are going to be married in a month's time, you can apply under the fiance/fiancee scheme. However, your boyfriend will have to sell off the overseas property.

Much that I can speculate your intention, however I can only answer in accordance to your questions. Hence, I suggest that you write separately to gavin.ng@orangetee.com should you need personal advisory or call mobile 9620 0827 .

Whether you buy HDB or Condominium, you may use the CPF funds in your OA account. You will have to return the amount utilised plus interest. You may keep the balance of the proceeds.

Regards

Gavin Read More

Hi,

Congrat that you going to be married soon :)

Re: Our Preferred Experienced SG Realtor

Firstly, you must be a SC citizen and reach 35 years old to buy HDB under single scheme.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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