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My Cpf - Buying A House
...A Place To Call Your Own

 
What if I am a bankrupt:
 
For HDB flats
 
You may use your CPF savings in your Ordinary Account to buy a flat as well as service the housing loan. However, you must get prior approval from HDB or the Official Assignee if you are buying an Executive flat. If you are above age 55, you may also use your CPF savings in excess of the Minimum Sum cash component in your Retirement Account to buy the flat and repay the housing loan.
If you had used your CPF savings to buy an HDB flat before you became bankrupt, you can continue to use your CPF savings to repay the housing loan.
 
Please click here for more details if you intend to sell your HDB flat.
 
 
For Private Property
 
You will not be able to use your CPF savings to make a new purchase of a private property after you have been declared a bankrupt. However, if you are already using your CPF savings to repay your housing loan on a private property, you can continue to do so even after you are declared a bankrupt.

Please click here for more details if you intend to sell your private property.
 
 
 Buying A House

What is your current financial situation?
Should you buy an HDB flat or a private property?
What are the criteria required to be able to use CPF savings to buy a home?
What can CPF savings be used for?
How much CPF can you use?
What important factors should I be aware of when using CPF to repay a housing loan?
When will CPF charges take effect?
What happens when you sell?
What happens if you divorce?
Other Considerations
Moving forward
 
 Last Updated on: Thursday, August 28, 2008 at 9:10 PM
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