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Anonymous

25 Nov 2020

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Is it true that if the HDB Loan amount is sufficient to cover the BTO purchase price, I do not have to wipe my CPF OA above $20k?

If the HDB Loan is enough to cover the BTO purchase price there's no need to wipe my CPF OA above $20k?

AMA Stacked Homes

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Ryan Ong

25 Nov 2020

Partner at Stacked Homes

You always have the flexibility to leave up to $20,000 in your OA, instead of using the entire amount for your flat.

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Should we wipe out CPF OA and take lower HDB loan or keep 20k each in OA with higher loan amount to earn the 3.5% interest?

I have a CPF 30K investment done 6 yrs ago and now intend to purchase a resale with a HDB loan. Since I need to wipe out my OA (w 20K left), does it mean i have to return the investment to CPF?

PAYING HDB BTO WITH CPF, WITHOUT HOUSING LOAN Has anyone used CPF to pay for BTO without taking a loan? Is it monthly deduction or lumpsum full flat price deduction from CPF OA?

Do you recommend a bank loan or HDB loan if planning to sell a BTO after MOP? HDB Loan will require you to pay back everything to CPF, the remaining loan amount is not credited to OA right?

If I buy a resale HDB before selling and take a 2nd HDB loan, between the refund to CPF and HDB wipe out of OA, can I transfer part of the OA to SA? Or must all refunded CPF go to the new HDB loan?

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