CPF Ordinary Account (OA)
CPF OA can use to purchase residential properties, such as HDBs, condominiums, or landed properties.
You cannot use CPF OA to purchase a non-residential property in Singapore, such as a commercial or industrial property. You must pay the downpayment for these properties in cash.
Use of CPF for HDB & Privates
Contribution Rates
Seller at age 55 & above years old
For seller who sold a property at age 55 & above, you will receive 2 types of payments:
I. Cash Proceed from Sale of Property (if any)
II. Refund Cash from CPF (if any)
Use of CPF for 2nd & subsequent properties
There are 2 important considerations when buying your second property
1. LOAN: Your total monthly repayment instalments should not exceed the Total Debt Servicing Ratio (TDSR).
2. CPF: You will need to meet certain conditions based on your age before you can use your CPF OA for your second property, up to Valuation Limit (VL).
Before 55 years old
To set aside the current Basic Retirement Sum (BRS) in your Special Account (SA)* and Ordinary Account (OA).
55 years old and above
To set aside your Basic Retirement Sum (BRS) in your Retirement Account (RA), Special Account (SA)* and Ordinary Account (OA).
Note: * Including the amount withdrawn for investment
Huttons Asia Pte Ltd
3 Bishan Place
#05-01 CPF Bishan Building
Singapore 579838
CEA Reg No. RO55635E
CEA Agency No: L3008899K