Can I use CPF savings to buy a property?
Yes, you can use your CPF Ordinary Account (OA) savings to purchase residential properties in Singapore under the CPF Housing Scheme. Under this scheme, you can use your OA savings to:
- Buy Housing & Development Board (HDB) flats
- Buy or build private residential properties in Singapore
It's important to keep in mind that your Special Account (SA) and Retirement Account (RA) savings cannot be used for property purchases as these accounts are specifically meant to provide you with retirement income.
For comprehensive information about using your CPF savings for property purchase, please refer to the Terms and Conditions.
This information is sourced from CPF
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