3 Answers

Hi Mojo,

Yes you heard right - stamp duty must be paid by cash first before being refunded from your CPF account. It usually takes 1-2 weeks to effect the withdrawal.

Hope it helps. Please feel free to prompt me if you should need any further clarifications or advise.

Thank you!
Best regards,
Jo Tan
Tel: 900 100 45
Email: jo.property@ymail.com
Website: www.jo.myweb.sg Read More
1
Stamp-duty can actually be paid by CPF.

But as part due to the anti-speculation measures introduced by our government, it is now required to be paid at the point of exercising the contract (which is usually 2 weeks' time) instead of the past 2-3mths.

As drawing down funds from CPF is a lengthy process, this really depends on your lawyer and CPF's response speed.

So usually to play safe, in case the draw-down is not fast enough, you are to have the equivalent cash amount ready to handle this. Read More
1
Stamp-duty can actually be paid by CPF.

But as part due to the anti-speculation measures introduced by our government, it is now required to be paid at the point of exercising the contract (which is usually 2 weeks' time) instead of the past 2-3mths.

As drawing down funds from CPF is a lengthy process, this really depends on your lawyer and CPF's response speed.

So usually to play safe, in case the draw-down is not fast enough, you are to have the equivalent cash amount ready to handle this. Read More
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