Most Singaporeans will use their CPF in some form, to purchase their property. This has resulted in some debates over the years, regarding how much of our CPF we should use; or whether HDB upgraders should be using more cash instead. In the following guide, we clarify how – and how much – of your CPF can be used when purchasing various properties: How is CPF used to buy a home? Your CPF Ordinary Account (CPF OA) can be used to buy residential properties, under the CPF Housing Scheme. Under this scheme, your CPF OA can be used to purchase both HDB residences, as well as private residential properties in Singapore. Your CPF OA can also be used for the construction of private property (e.g., building your own landed property). Your CPF monies can be used to pay for the following:

• Part of the down payment to purchase your home

...