Yes, you can use your CPF Ordinary Account (OA) savings for the down payment of your property. The amount you can use varies based on your property type and loan choice:

 

 

When buying directly from HDB, you can use your OA savings for both the initial 10% downpayment and remaining purchase price. The option fee must be paid in cash. For resale flats, both the option fee and option exercise fee must be paid in cash.

 

 

You can use your OA savings for the property after paying these in cash:

 

• Option fee at the time of booking an HDB flat (if you are buying the flat directly from HDB) or option fee and option exercise fee (if you are buying a resale flat); and
• Minimum 5% cash down payment of the lower of the purchase price or valuation at the time of purchase; and
• The portion of the purchase price that is above the property's market value; and
• The lower of the purchase price or the valuation price of the property at the time of purchase, less the housing loan and approved CPF lump sum that will be paid towards the property

 

Your OA savings can be used after completing legal documentation and paying in cash:

 

• Minimum 5% cash down payment of the lower of the purchase price or valuation at the time of purchase; and 
• The portion of the purchase price that is above the property's market value; and
• The lower of the purchase price or the valuation price of the property at the time of purchase, less the housing loan and approved CPF lump sum that will be paid towards the property

For specific details about minimum cash down payment requirements, please check the  Monetary Authority of Singapore (MAS) website. For comprehensive information about using your CPF savings for property purchase, refer to the Terms and Conditions.