Thursday, March 11, 2010

CPF & You - Buying a House

It feels like everyone is thinking of buying their dream home and have to rely on our hard-earned CPF savings to pay for the home. I learnt some important things like how much CPF can be used for housing, what is the CPF Housing Withdrawal Limit, what can be touched and what cannot, the special account with extra interest and what happens when I sell my property, etc.from investment saavy.  I am quite amazed that there is so much to learn on CPF.

The CPF Housing withdrawal limits can only be from the CPF Ordinary Account, of which 120% of valuation limits for both private and HDB flats, this is not applicable if finance under HDB loan.

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