Asked by Anonymous
My wife and I bought a new HDB flat 5 years ago and it was fully paid using both our cpf account a year ago. We are considering to buy a 2nd property for investment purpose. We are evaluting the decoupling option to avoid the 7% ABSD, but was told we need to pay back the amount used by either party using cash back to the cpf account as no bank or HDB loan is possible. Is that true? Any options or advices?
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