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Hi,

Yes you can use CPF to pay for stamp duties (both BSD and ABSD), but if you are purchasing 2nd property, you will have to set aside 1/2 of minimum sum in CPF (set aside 77.5k) before you can utilize your CPF OA for property purchase.

As for commission, for private property purchase, typically the buyer agent will arrange with seller agent to share the sellers commission. However, there are also buyers who appreciate and don't mind paying for professional services of a buyer agent as they can advise the potential pitfalls during the purchase process.

May I get in touch with you to understand your requirements better? Will be glad to value-add with solutions. Thanks!

Warm regards,
Ivan Ng ERA
 97432395 
Ivanng10@gmail.com Read More

Good Evening,

You may like to know that for second property, bank can only loan up to 50% LTV. That comes up to a maximum of $375K loan amount for the $750K property and 25% Minimum Cash is required on top of the normal BSD and higher ABSD, while the other 25% can be from CPF OA after setting aside the minimum sum of $77,500 in CPF OA.

If you have bought your first property with joint ownership, you may like to consider selling your share to the other party to free up your ownership and allow you to enjoy all the benefit as first property buyer again. This process is legal as of now and it is called Part Purchase or Decoupling. Please call to arrange to meet with me to learn the step by step process and all the cash flow involved at no cost nor obligation.

If you have bought the first property with sole ownership, you may like to know more on loan packages offered by banks that leverages on your existing property’s market value appreciation.

I look forward to hearing from you soon. Thank you and have a peasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 822 50 212
Email: karrien.realty@yahoo.com

Powerful Negotiators
No. 1 Team in PropNex Realty Pte Ltd
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