Asked by Anonymous
I am Singapore PR. Can I use my CPF to pay for additional buyer stamp duty ?
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3 Answers
Hi,
Yes you can use CPF OA to pay ABSD if you have sufficient CPF OA monies. However do note for such cases typically you need to use cash first and it will only be reimbursed a few weeks after from CPF OA. 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
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(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
Yes you can use CPF OA to pay ABSD if you have sufficient CPF OA monies. However do note for such cases typically you need to use cash first and it will only be reimbursed a few weeks after from CPF OA. 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)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
Hi there,
Thank you for your query!
Having been experienced in both the resale and new launch market , please do take note of the difference.
For resale-
You can use CPF OA funds for purchase, however, you will have to pay cash first and reimburse thereafter the official completion of the purchase.
For under construction property/ new launch-
You have no restriction, and can use your CPF OA funds straight away for the payment, if you have sufficient funds.
The purchase of private property requires no agent fees and as such- I will walk you through the entire process from selecting developments/ units , arranging viewings, handling bank/loan liase, prepping the financial plan and timeline, as well as arrange for your legal processing matters and all paperwork at no cost. Furthermore, I will take the opportunity to run you run through :
(1) Key Financial Loan approval process for purchase (IPA) + Financial Computations/ Payment Breakdown
(2) Offer insights to the property market outlooks
(3) Explain the entire purchase procedural framework involved - what happens post option to purchase (OTP) , step by step
(4) Computing and sharing past and present transaction caveats, illustration of price analysis as well as churning a customised sales report with projected returns/ future approx capital gains % for you to observe and understand the value and residential capital appreciation yield. Thank You!
Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.
D Kumar
+65 96659926
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7
ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall Top 100 achievers 2014-2017 Read More
Thank you for your query!
Having been experienced in both the resale and new launch market , please do take note of the difference.
For resale-
You can use CPF OA funds for purchase, however, you will have to pay cash first and reimburse thereafter the official completion of the purchase.
For under construction property/ new launch-
You have no restriction, and can use your CPF OA funds straight away for the payment, if you have sufficient funds.
The purchase of private property requires no agent fees and as such- I will walk you through the entire process from selecting developments/ units , arranging viewings, handling bank/loan liase, prepping the financial plan and timeline, as well as arrange for your legal processing matters and all paperwork at no cost. Furthermore, I will take the opportunity to run you run through :
(1) Key Financial Loan approval process for purchase (IPA) + Financial Computations/ Payment Breakdown
(2) Offer insights to the property market outlooks
(3) Explain the entire purchase procedural framework involved - what happens post option to purchase (OTP) , step by step
(4) Computing and sharing past and present transaction caveats, illustration of price analysis as well as churning a customised sales report with projected returns/ future approx capital gains % for you to observe and understand the value and residential capital appreciation yield. Thank You!
Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.
D Kumar
+65 96659926
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7
ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall Top 100 achievers 2014-2017 Read More
Hi
Yes, you may use your OA to pay for your ABSD. May I ask whether you will be using it to buy an HDB flat or a Private condominium?
You may write to gavin.ng@orangtee.com for further information.
Regards
Gavin Read More
Yes, you may use your OA to pay for your ABSD. May I ask whether you will be using it to buy an HDB flat or a Private condominium?
You may write to gavin.ng@orangtee.com for further information.
Regards
Gavin Read More