You can use your CPF Ordinary Account (OA) savings for the following:

 

 

You can pay stamp duty using your OA savings through a one-time reimbursement process. Since stamp duty must be paid to the Inland Revenue Authority of Singapore within 14 days of signing the sale and purchase agreement or accepting the option to purchase, you will need to use cash to pay the stamp duty first. For HDB loan applicants, please verify your reimbursement eligibility with HDB.

 

Important timing for reimbursement:

• For completed properties: Apply for stamp duty reimbursement together with your CPF lump sum drawdown for completion
• For properties under construction: Apply on or before the legal completion date

Note: If the developer has already paid the stamp duty, you cannot claim reimbursement from your CPF savings.

 

 

Your OA savings can cover:

 

• Transaction fees charges by your lawyer's appointed bank
• Singapore Land Authority’s lodgment fees for managing and disbursing your CPF savings

Note: We recommend consulting your lawyer about other potential costs and fees involved in the process.

 

These can be paid using your OA savings through:

• HDB (if taking an HDB loan)
• Your lawyer (if taking a bank loan)

Please note that monthly service and conservancy charges, along with other charges related to the use of the property, including taxes, cannot be paid with your CPF savings.

 

For comprehensive information about using your CPF savings for property purchases, please refer to the Terms and Conditions.