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Asked by Ms Tan 14 Oct 2011

I'm looking for a condo. Is it possible to pay the 1% in cash and 19% is paid from CPF instead of cash.

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Mike Lim · Answer 1 · 2011-10-14T17:02:54+08:00

Mike Lim

Replied 14 Oct 2011

Afternoon Ms. Tan,

Under the current ruling, if the bank approves your 80% loan, 5% must be paid in cash and the remaining 15% can be paid using your CPF.
I'm afraid to say there don't seems to be anyway around it.

FYI
Mike Lim
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