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Good morning Sir/ Mdm,

you are required to pay cash for bsd if you are buying a resale as CPF board might not be able to release funds to IRAS.

If its a new condo, paying bsd by cpf shouldnt be a problem.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

It depends on the property you're purchase.

If you're purchasing a HDB flat or a new launch condo, stamp duty can be paid via CPF.

If you're purchasing a resale condo, you will have to fork out Cash for the stamp duties (BSD and ABSD) first, then subsequently get refunded upon the legal completion from your CPF.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Sir/Madam

It will be depends on the type of property you are purchase.
- For HDB flat or a new launch condo, stamp duty can be paid via CPF.
- For resale condo, you will have to pay for the stamp duties (BSD and ABSD) by cash first , then can apply to get refunded upon the legal completion from your CPF.

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

1) Usually it is common for the lawyer to ask you to prepare cash for stamp duty payment in case the CPF board cannot release funds on time.
2) If the CPF board can react on time, both BSD and ABSD need not come out cash.
3) But it is almost impossible in a private resale transaction because there are only 14 days (including weekends) to pay stamp duty.
4) And CPF board needs 14 working days to process the funds releasing request.
5) If you have sufficient funds in your CPF account and your intention is to fully utilize this.
6) You will have to highlight to the lawyer and see what they can do in order to make this possible.
7) Note the penalty of Delay in Payment Not Exceeding 3 Months is as follow:
A penalty of $10 or an amount equal to the duty payable, whichever is greater, will be imposed for late payments not exceeding 3 months.

Hope the above answer to your main concerns, but if there are more query, 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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