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Hi,

If you are below 55 years old, and have not used CPF for other properties, the CPF withdrawal limit is kept at 120% of the valuation or price (whichever lower) and that is the max you can withdraw.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Hi,

1) There is a withdrawal limit for a property, which is 120% of the value.
2) It does not mean you can withdraw up to 120% to purchase a property.
3) It is assumed that we fully utilize the CPF for a property purchase. You will notice that we can use up to a maximum of 95% for payment if not using any loan and 5% must be in cash.
4) For those that need a mortgage loan from a bank, other than the 20% down payment. Most people will utilize the CPF fund to service the mortgage. Thus you can only utilize up to 120% rather than unlimited withdrawal.
5) If you are referring to maximizing the fund under your OA for the down payment, then there is no limit on it.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi
The withdrawal limit for private property purchase is 120%. there are actually lots of information I wish to share in regards to withdrawal limit. My service for purchase of private property is 100% free. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Taufik Hussein
CEA Reg No: R061607B
Contact No: 93375051 
ERA Realty Network Pte Ltd Read More