Hi Mr. Raja,
You are reaching the time of RA (Retirement Account) creation. Thus this is really a great concern for planning.
RA is created from SA + OA. It will exhaust SA prior to OA. If you have sufficient in SA, then you do not need to worry about the 100% or 20%.
It is when you do not have enough in SA, and OA is the only account that can utilize for housing finance.
On top of the above, your finance method also makes a difference.
(1) By bank, this is the only way to allow you to plan how much CPF to use for down payment.
(2) By HDB loan: They will utilize everything you have under OA to minimize loan, thus you do not have a control whether 100% or 20%.
There are more to explain which way is better, which can't be explain clearly over here.
Do hope the above answer to your main concerns, but if there are more queries or clarification to the explanation, 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
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