2 Answers

Andrew Ngauw
Hi Ivan,

Yes, you can use your CPF ordinary account to pay for your downpayment, but only from the 15% stage onwards, provided you take a 80% loan from the banks.

Generally:

1. Booking fee - 5% cash
2. HDB approves, S&P exercise - 15% Cash and/or CPF
3. Stamp Duty - Cash first then CPF

You are eligible for up to 80% loan.

Should you require more assistance or clarifications on your financials or any EC matters, please feel free to call us or visit our website below for more EC info.

Thank you and have a pleasant day ahead.

Andrew Ngauw
8188 8887
GPS Alliance
www.sgECsales.com Read More

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  • BL
    Hi Andrew,

    Thanks for your answer.

    Just to clarify, our current owned HDB was also been paid by cpf partially. Is there a limit restriction for the cpf that I can use for the EC?

    Thanks.
Andrew Ngauw
Hi Ivan,

apologies as i kinda missed your 2nd query out.

No, there is no restriction for CPF usage for EC purchase.

Thank you and have a pleasant day ahead.

Andrew Ngauw
8188 8887
GPS Alliance
www.sgECsales.com Read More

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