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Hi.
CPF sum does not apply to u. You can use more cpf buy however you will still need cash for the downpayment
Tricia Tan pn
 91442664  Read More

Hi,

Sure you can use your CPF OA fully to fund your property purchase, since its your 1st property purchase and you have no loan. Minimum Sum requirements do not affect you if its your first property purchase. However, there is a minimum 5% cash downpayment, as the max bank loan is only 80%.

I am active in the East area, and presently marketing 2 units at The Palette at Pasir Ris Grove (TOP soon). May I understand your requirements further and value-add to your housing plans?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi,

You will still need cash downpayment for a private condominium!
Are you looking for a new launch or resale?
Whatever the case, will be able to guide you through the entire process once I've fully understood ALL your requirements. Since you are not liable to pay agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

I will walk you through the entire process- assisting you all the way from finding the perfect unit to negotiating for the best price to post deal paperwork, to establishing financial calculations/ loan matters and ascertaining risks. I will also provide you with the transaction caveats and sales report to further enhance your understanding of the market sentiments.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
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2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Good evening buyer,

Great hearing from you!

Do take note that you still need to come out with cash for the 1% option money to obtain option to purchase from seller and 4% exercise fee to exercise the option.

Another thing to take note is that you might have to come out with cash for the stamp duty.

Why?

Because CPF board might not release the funds in time for the payment of stamp duty as it is required to pay within 2 weeks from exercise date thus law firm will usually advise buyer to pay in cash first and apply for reimbursement.

Other cash outlay could be legal fees, valuation fee, stamp duty for mortgage etc.

Other than that you can use CPF OA funds for the rest of the payment.

Lastly, minimum sum is not applicable for you yet.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More

Hi,
Yes, you can utilize all the OA account. Do you like hear the strategy to better use of CPF for the purchase? Please drop me an email for me to financial plan.
I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More