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Hi
Generally you can pledge your house if you have set aside FRS in your CPF account and thereafter withdraw any amount in excess of your BRS excluding any interest generated (FRS when you reached 55 in 2023 is $199,800 and BRS is $89,400). This is regardless of whether the house have any outstanding loan or not. However having handled numerous cases on this, there may be some exception as this involves a very complex regulation. If you need to use some amount of cash as deposit for the next purchase, you may also write in to CPF board to allow you to use any amount above your BRS to pay for the deposit. I am specialised in HDB transactions and have handled numerous cases on these. Each case is unique in nature and to be able to advise further, I will need more details with regards to your situation. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More

Dear sir/mdm,

As what Taufik has mentioned, it is often more complex when it comes to pledging of HDB therefore it is best to approach CPF directly on this matter to get a firm answer.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

1) Pledging only needs to be done at age 65.
2) You may apply to CPF to utilize your funds from your RA if you need them for your purchase.
3) Do note that ensures you got approval before making the purchase.
4) Yes, the house must be fully paid before you can do the pledging.
5) Pledging has nothing to do with who you get your loan from. Your house must be free from a mortgage when you do your pledging.
6) You may approach the CPF office if there is anything unsure about CPF.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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