AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi, Recently I bought a pte property and had intended to wipe entire OA to fund the 15%. However, I found out from CPF board that I wasn't able to (wipe OA) and had to keep a minimum sum. This was because I had actually used funds from my OA account to fund my HDB first installment.
The question is, can I do a voluntary refund of the 1st installment (plus interest) to CPF board so that they can reverse the installment made previously?

Thanks.
0 •
651 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Geryl Lim
Replied
Dear MickeyMouse,

Perhaps you should try writing or calling into CPF Board and check with them since we are not in a position to approve or not. There is no hard trying.

I am surprised that you were not briefed on this regulation prior to making the offer.

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg

**Aspiring to be your preferred partner in real estate** Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions