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Afternoon,

You are eligible to utilise all your CPF OA for 15% down payment, if you managed to obtain 80% loan or the remaining lease of the unit is more than 60. Should there be any balance, you can use it to settle the legal and stamp duty. However, ABSD is payable by cash.

Do feel free to contact me for further discussion.

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

Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Cash is first then utilize your CPF , lastly is housing loan . :)

I am contactable at 92222389  or onassis@sgagent.com / 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.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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Singapore Line : (+65) 92222389 
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Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare

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Hi Jeane,

You can use your CPF monies to pay for the 15% portion for the downpayment, together with the stamp duties and legal fees. Do take note that 5% CASH downpayment still applies.

Also take note that both you and your spouse have to be PR for 3 years before you are being eligible to buy a HDB resale flat.

Please contact me at my mobile 9748 6305  . I would love to assist you in your home purchase.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

Yes you can use your CPF OA for 15% downpayment and stamp duties legal fees. Do note both SPRs must each have held SPR status for 3 years before they can apply as a married couple. 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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews/
(Client's Testimonials)

--- HDB Flat Buyers ---
Mr. & Mrs. Lau

"As 1st-timer Buyers we had plenty of questions, and were uncertain on how best to proceed. A discussion with Ivan cleared our doubts and our plans could progress quickly. We are comfortable with his working style as he is not pushy, and tries to think from our point of view.

It took us about 8 months & at least 30 viewings to find something ideal, & Ivan was always happy to 'house-hunt' with us, always emphasizing "Don't worry, suit you then buy. Important is that you all buy happy & parents endorse the unit".

Eventually, we got our ideal unit, negotiated below valuation. The financial planning calculations were smooth, breakdown was detailed and schedule of payments illustrated clearly so we know what to expect at each phase.

Every phase of hdb process & timeline was explained in detail & hassle free. If you're looking for an agent who is professional & patient, can give Ivan a call. He values the long-term relationship and looks out for your interests. Thanks Ivan and see you at our housewarming!" Read More

HI Jeane Chew

You did the right thing by asking questions on the home purchase.

If you like, we can explain to you the transactional process, the timeline and the financial cash flow.

Would you like to call or email to gavin.ng@orangetee.com?

Gavin Read More

Hi Jeane,
Yes, you are able to utilise the CPF OA for the down payment, stamp duty and legal fee. Fyi, there is ABSD of 5% for PR buyer.

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

Good morning Jeane,

You can utilise CPF OA funds for 15% CPF/ cash downpayment, stamp duties (estimated 3% + 5% ABSD) and legal fee.

But usually you will have to pay the stamp duties by cash first. Reason being that CPF board might not release the funds in time to IRAS thus by paying in cash first, you wont be hit by penalty.

Your law firm will assist in the reimbursement of stamp duties if you have excess CPF OA funds. The whole process might take up to 1 month.

Hope my explanation helps!

May I know how can I value add further in your property purchase?

- Your Leasehold Ally, Freehold Tactician -

1) Like my FB page: www.facebook.com/yt.tan91115171

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Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

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