AskGuru Q&A Community

Question

Asked by Go 4 Apr 2012

HiGuru
If i have fully paid my Hdb flat & fulfil Mop.Do i need to keep the mininum sum of $65500 in my cpf b4 i can use the OA to purchase a condo?

688 views

2 Answers

Previously Asked Questions

Ander Ang · Answer 1 · 2012-04-05T12:53:24+08:00

Hi Go,

Yes. You need to ensure you have the minimum sum of 65.5k in CPF account b4 can use the OA $$ to finance condo purchase.

FYI, the minimum sum will be revises upwards from 1 July 2012.

Thanks,
Ander ERA Read More

Mike Lim · Answer 2 · 2012-04-05T16:56:13+08:00

Afternoon,

If you were servicing your HDB with CPF, then you are required to set aside the CPF minimum sum if you are looking to purchase your second property.

FYI
Mike Lim
96929209
ERA Read More

AskGuru Q&A Community

2 Answers

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

AskGuru Q&A Community

Want this question answered?

2 Answers

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours