Below is an article published with permission from the CPF Board. Singapore home owners should pay close attention to the policy on accrued interest for CPF monies.
Many members use CPF savings when buying a property. Before you decide on buying your dream home, we highly recommend reading "
Things to look out for when buying a property using CPF" and watching "
Buying a House" videos. Here’re 8 essentials you should be aware of. Please note that the information may be different if you are using CPF for multiple properties.
Q1. What CPF savings can I use to buy a property?
Only Ordinary Account (OA) savings can be used for property. You can use it to:
(i) Pay lumpsum/downpayment to HDB for the purchase of an HDB flat, or to a property developer or a seller for the purchase of a private property.
(ii) Repay the housing ...
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