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Good morning buyer,

Great hearing from you!

I do understand you will like to utilise your CPF OA funds for this purchase but I am sorry to inform you that you are unable to do so.

Only owner of a property is able to take up mortgage loan and utilise their CPF OA funds in financing the property.

Hope my explanation helps!

May I know how can I assist both of you in your property purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi there, if this is your first property, my advice would be to purchase it under both your names. however, it this is your second property purchase, there may be a need to decouple in order to avoid ABSD and also enjoy a higher bank loan. Kindly drop me a call for a more detailed discussion in order for us to advice you accordingly.
Cheers
Rix Jim
 9687 1379 
rix.jim@hotmail.com
Propnex Read More

Hi,

Do you currently have a HDB property? If so, MOP of 5 years must be met first before you can purchase condo. To utilize your CPF in the condo property, your name must also be included in the ownership.

Thanks and hope it clarifies. Perhaps I can have more details about your requirements so as to make better recommendations to your housing plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Morning,

Being co-owner of the unit, you can utilize your CPF funds for both the down payment and monthly installment on the purchase. However, do note that the amount of CPF which you can use will depend on the age of the unit, and our age and whether you had utilize CPF for other residential property in holding.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,
Generally you can use your CPF to finance the condo. Just beware of the minimum sum requirements.
For me to assist and advise the details, please drop me an email.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res,ckang@gmail.com Read More

Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
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