AskGuru Q&A Community

You generally must pay Buyer's Stamp Duty (BSD) in cash first, then apply to the CPF Board for reimbursement after the sale completes. Direct CPF payment without cash upfront is usually for new properties (BTO/new launch condos).

It sounds like you may be low on cashflow but CPF rich. There are ways to make the purchase possible for the resale condo as long as you have an experienced buyer agent supporting you, I'll be happy to help you for free to make your purchase possible!

I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions. Besides sorting out the financing, I can help with sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more.

Do reach out via my contact below and I can advise further.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi Do contact me at 97970200  to discuss more.

Mark, your RIGHT choice
Propnex Read More

You can check with your lawyer to help write in to CPF board and IRAS for the request to pay using CPF monies directly instead of using cash first.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

1) You have to find a lawyer that willing to do this for you before you start sourcing for your condo.
2) There is only 14 days to pay the BSD once you exercise the OTP.
3) Therefore, if you only source for a lawyer after offering for the OTP. The lawyer will not have enough time to write to the CPF to disperse the fund on time.
4) The CPF will need at least 14 working days to arrange for fund to be disperse.
5) Not all lawyer willing to write to the CPF without confirming the bank willing to provide a home loan.
6) Not all lawyers in Singapore are on all the bank's board.
7) It is advisable to find a lawyer first, and check whether he is able to work with the bank that you are getting loan from.

All The Best!!!

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

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Short answer: No. You cannot pay the Buyer’s Stamp Duty (BSD) directly from your CPF Ordinary Account at the point of purchase for a resale condo.

Here’s how it works in practice:
• BSD must be paid in cash upfront at the Inland Revenue Authority of Singapore when you exercise the Option to Purchase.
• After that, you can submit a CPF withdrawal request to reimburse your CPF OA for the amount you paid in cash (up to CPF withdrawal limits). This reimbursement happens after the purchase.
• There’s no official mechanism to skip the cash payment and have BSD automatically deducted from CPF OA on the spot.

If you want help estimating exactly how much cash you’ll need on hand for BSD + downpayment + other fees for a specific resale condo, I can run the numbers for you.

Another way would be to have a lawyer's advice

Aren Goh, PropNex
 9657 6701  Read More

(✔1) For resale homes, Buyer’s Stamp Duty is normally paid using cash first, with CPF claimed back only after completion.

(✔2) Paying stamp duty directly from CPF at the start is usually allowed only for brand-new properties such as BTO or new launch condominiums.

(✔3) If you wish to use CPF instead of cash, your lawyer must submit a formal request to CPF and IRAS early.

(✔4) Stamp duty must be paid within 14 days after exercising the Option to Purchase, leaving very limited time.

(✔5) CPF typically needs at least 14 working days to process and release funds once a request is made.

(✔6) Many lawyers will proceed only after confirming that the bank loan is approved.

(✔7) Not all lawyers are on every bank’s legal panel, so bank compatibility is important.

(✔8) It is best to appoint a lawyer before starting your property search and confirm the lawyer can work with your chosen bank.

✔ “Success depends upon previous preparation, and without such preparation there is sure to be failure.” — Confucius ✔

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

-----------------------99Years------------------------999Years---------------------->>>

IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.

WhatsApp me at ✔✔ ABLE TOH (65) 9856-9255  or via this link:

https://wa.me/6598569255

Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.

✔✔✔You can READ my REVIEWS here:Able S K Toh

✔✔✔https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

For PRIVATE HOME BUYERS

✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge

✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents

DEVELOPER SALES TEAM

✔✔ BEST PRICES ✔✔ NO AGENT FEES

✔✔ LOWEST PRICE GUARANTEED

For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.

✔✔ Connect Singapore Line (ABLE TOH): (65) 9856-9255 

WhatsApp: https://wa.me/6598569255

---///------

如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。

✔✔ ABLE TOH/ 诗强（65）9856-9255
WhatsApp：https://wa.me/6598569255

✔✔✔查看我的客户评价：
Able S K Toh
✔✔✔ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费

发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价

新推出私人公寓资料、电子手册、户型图及价格表，
欢迎随时联系。

✔✔ 新加坡联系号码（ABLE TOH）/ 诗强：（65）9856-9255 Read More

As a general guideline for resale private condos, Buyer’s Stamp Duty (BSD) is typically required to be paid upfront in cash.

However, you could secure a lawyer before you even start sourcing for the property, as BSD must be paid within 14 days of exercising the OTP, and CPF usually requires at least 14 working days to arrange fund disbursement. If a lawyer is only appointed after the OTP is exercised, there is usually insufficient time to coordinate CPF release.

Additionally, not all lawyers are willing to write to CPF without first confirming that the bank has approved the home loan, and not all law firms are on every bank’s legal panel.

Hence, it is strongly advisable to plan in advance and appoint a suitable lawyer early to ensure that they are able to work with the intended financing bank, if you wish to explore using CPF OA directly for BSD.

If you’d like, I can help work out the estimated cash amount you’ll need upfront: BSD, downpayment, and other related costs based on the property you’re considering.

Cheers,
Bonnie Pang
 +65 9372 5272 
R068510B
Propnex

Feel free to connect with me at:
https://www.instagram.com/realest.bonnie/ Read More