Is it possible to purchase a BTO with full cash, and not having to tap into the OA funds? - Seedly
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Anonymous

Asked on 11 Feb 2020

Is it possible to purchase a BTO with full cash, and not having to tap into the OA funds?

Assuming savings is enough for downpayment of HDB loan and no grants were applied, is full cash payment possible at all without deducting from OA?

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Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 6. Master
Answered on 16 Feb 2020

Interesting question!

Even though it is possible, it doesnt mean one should do it, especially since you are forsaking using illiquid funds (CPF) for liquid funds(cash) for your housing purchase.

I treasure lliquidity a lot so I would definitely want to drain my CPF OA before using cash.

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The short answer is yes.

The long answer is whether or not you want too depends on your overall portfolio.

This is a portfolio allocation question which requires an overview of what you have currently, cashflow and your own assumptions of the future.

Click here to find out more about me! ​​​

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Yes, it is possible! In fact, I have conducted comprehensive financial planning for many clients to help them achieve this goal. Personally, I am doing the same for myself too.

Here is everything about me and what I do best.

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