Asked by Anonymous
Hi, my wife and I are currently using our cpf oa to pay for our hdb. We intend to purchase a private condominium a few months from now, while keeping our hdb. We understand that the cpf rule is that oa can only be used to service one property, and that if you want to use oa to service a second property, the total amount of oa and sa must meet half the minimum sum, which is $77.5k. We are exploring this option: to use cash to top up our oa (principal amount and accrued interest) so that it is 'freed' from our hdb servicing. Thereafter we hope to use our oa to service our second property.
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