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Why is a conveyancing lawyer required when using CPF savings to purchase a private property?
A conveyancing lawyer is required when you would like to use your CPF savings for purchase of a private property for the first time. The lawyers would typically manage all legal aspects of your transaction, including preparing and submitting required documents needed by the Singapore Land Authority (SLA), creating and lodging a CPF charge. This legal representation protects both your CPF savings and your interests in the property, which is critical in high-value transactions such as buying a property.
This information is sourced from CPF.
Related questions
If I did not apply to use my CPF savings when I bought my property that is financed with a bank loan, can I now use my CPF savings for monthly instalments?
I am planning to buy a property, but will be overseas and unable to handle the transactions. What should I do?
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How do I discharge the CPF charge on my private property?
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If I do not need to submit my court order, does my conveyancing lawyer need to submit any documents to CPF Board?
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