Asked by Anonymous
must i use all of my cpf oa to purchase a hdb (resale)?
1602 views
3 Answers
Dear Sir/Mdm
Good day to you!
I’m Daniel Tan from PropNex Realty.
You will only need to use all you CPF OA funds in the purchase of the HDB flat if you take up HDB loan. If you are looking at bank loan, there is no restriction.
Contact me soon and allow me to assist you with your purchase.
Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.
Do contact me via phone or email, as I will not be notified by PropertyGuru if you reply to this.
Have a wonderful day ahead.
Best Regards
Daniel Tan
PropNex Realty Pte Ltd
(+65) 9477 5100
daniel.tck@propnex.com
www.danieltanpropnexrealty.com
FB: @danieltanpropnexrealty Read More
Good day to you!
I’m Daniel Tan from PropNex Realty.
You will only need to use all you CPF OA funds in the purchase of the HDB flat if you take up HDB loan. If you are looking at bank loan, there is no restriction.
Contact me soon and allow me to assist you with your purchase.
Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.
Do contact me via phone or email, as I will not be notified by PropertyGuru if you reply to this.
Have a wonderful day ahead.
Best Regards
Daniel Tan
PropNex Realty Pte Ltd
(+65) 9477 5100
daniel.tck@propnex.com
www.danieltanpropnexrealty.com
FB: @danieltanpropnexrealty Read More
Hi,
If you use hdb loan, yes all your CPF OA will be fully utilized. Bank loan there isn't this requirement. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
If you use hdb loan, yes all your CPF OA will be fully utilized. Bank loan there isn't this requirement. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
Good morning,
It really depends.
If you are using HDB loan (max 90%), you have to utilise all your CPF OA funds to reduce the loan.
As for bank loan (max 80%), you need to come out with 5% cash and 15% cash or cpf as downpayment, there is no requirement for you to utilise all your balance CPF OA funds to reduce the loan.
Care to share more about your concern so I will be in a better position to value add further.
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
It really depends.
If you are using HDB loan (max 90%), you have to utilise all your CPF OA funds to reduce the loan.
As for bank loan (max 80%), you need to come out with 5% cash and 15% cash or cpf as downpayment, there is no requirement for you to utilise all your balance CPF OA funds to reduce the loan.
Care to share more about your concern so I will be in a better position to value add further.
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More