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Hi,

Best to work your finances out and follow a customised plan suited for your situation. Do let me know if you need advise and assistance in this regards.

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D Kumar
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Good evening,

Yes if both of you are SC and purchase a second residential property, you are eligible to utilise both CPF OA funds after setting aside basic retirement sum of $85.5k in CPF OA + SA.

Care to share more? Intention to purchase third property?

Perhaps we can discuss and explore more options?

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Hi Yes you can, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi

You may want to write to gavin.ng@orangetee.com for a discission.

Gavin Read More

Good morning!

you have to set aside basic retirement sum if you wish to purchase a second property as long as you have utilised cpf in your existing property.

From CPF website:
https://www.cpf.gov.sg/Members/FAQ/schemes/housing/housing-scheme#

"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

Creative marketing (copy and paste URL) :
1)www.fb.com/yttanassetprogressor/videos/2061469157432124/
2)www.fb.com/yttanassetprogressor/videos/2036107146634992/

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

Hi Sir,

Yes, you can pay ABSD and purchase another private property jointly.

However, I'm not so sure if this is the best option for you and your family. Have you explored the rest of the options yet? Is the property you're planning to purchase meant for investment purpose?

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear sir,

The following information has been extracted from CPF website today:
-----------------
Q: Can I use my CPF savings to buy more than one property?
A: You can use your CPF savings, up to the Valuation Limit*, for your second or subsequent property with a remaining lease of at least 60 years that is bought on or after 1 July 2006 after meeting certain conditions based on your age.

Q: How much CPF savings can my spouse and I use for the purchase of our second property which is a private property?
A: Assuming you have used your CPF savings for your first property (Housing & Development Board flat) but not your spouse. The amount of CPF savings that you and your spouse can use for your second property (private property) will not be the same.

As this is your second property which you are using your CPF savings, you will have to set aside the Basic Retirement Sum (BRS) before you can use your excess Ordinary Account savings for the purchase.

When the total CPF savings used for the second property reaches the Valuation Limit* you will not be able to use any more CPF savings to pay the housing loan.
--------------------

Hope the information above is applicable to what you are looking for.

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Geryl LIM
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Hi Sir/Mdm

I will be glad to assist
Please contact me at (65) 96608508  or Silviayang8@gmail.com for non-obligation discussion
or click http://bit.ly/2tzIQ1a
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More