a)

If you are taking a HDB concessionary loan
You can use up to 100% of your CPF Ordinary Account savings to pay the initial 10% deposit as well as the balance of the purchase price.

If your existing CPF balance is not enough for full payment of the purchase price, you may take up a housing loan from HDB subject to credit assessment by HDB, and use all the monthly contributions to your Ordinary Account for the instalment payment of the loan. Use our Monthly Instalment Calculator to find out the monthly instalment payable on a housing loan.

Also, HDB requires you to use all your CPF Ordinary Account savings first before granting you any housing loan.

If you are taking a bank loan
You can use your Ordinary Account savings, and the future monthly CPF contributions in your Ordinary Account to buy the flat and/or to pay the monthly instalments on the housing loan up to 100% of the Valuation Limit (VL). The VL is the lower of the purchase price or the value of the property at the time of purchase.

If your housing loan is still outstanding when your total CPF usage for the flat had reached the Valuation Limit and you are below the age of 55 you may continue to use the excess in your CPF Ordinary Account savings to repay the housing loan after you have set aside half of the prevailing Minimum Sum. Savings in the Special Account (including the amount used for investments) and Ordinary Account can be used to meet half of the prevailing Minimum Sum.

However, if you are 55 years and above when the VL is reached, you may use the excess CPF Ordinary Account savings to repay the housing loan after setting aside your Minimum Sum cash component shortfall.

Do note that new home buyers who are taking a bank loan to finance their property purchase now have to pay 5% of the downpayment in cash.

Do bear in mind that the monthly service, conservancy and other charges relating to the use of the property, including taxes, cannot be paid with your CPF savings. You will have to pay for these using cash.

Click here for more information on Public Housing Scheme.

b)

If you are taking a HDB concessionary loan
You can use up to 100% of your CPF Ordinary Account savings to pay the initial 10% deposit as well as the balance of the purchase price.

If your existing CPF balance is not enough for full payment of the purchase price, you may take up a housing loan from HDB subject to credit assessment by HDB, and use all the monthly contributions to your Ordinary Account for the instalment payment of the loan. Use our Monthly Instalment Calculator to find out the monthly instalment payable on a housing loan.

If your housing loan is still outstanding when your total CPF usage for the flat had reached the Valuation Limit and you are below the age of 55 , you may continue to use the excess in your CPF Ordinary Account savings to repay the housing loan after you have set aside half of the prevailing Minimum Sum. Savings in the Special Account (including the amount used for investments) and Ordinary Account can be used to meet half of the prevailing Minimum Sum.

If you are taking a bank loan
You can use your Ordinary Account savings, and the future monthly CPF contributions in this account to buy a property and/or pay the monthly instalments of the housing loan up to 100% of the Valuation Limit (VL). The VL is the lower of the purchase price or the value of the property at the time of purchase.

If your housing loan is still outstanding when your total CPF usage for the flat had reached the Valuation Limit and you are below the age of 55 you may continue to use the excess in your CPF Ordinary Account savings to repay the housing loan after you have set aside half of the prevailing Minimum Sum. Savings in the Special Account (including the amount used for investments) and Ordinary Account can be used to meet half of the prevailing Minimum Sum.

Do note that new home buyers who are taking a bank loan to finance their property purchase now has to pay 5% cash downpayment.

Click here for more information on Public Housing Scheme.

c)

You can use your Ordinary Account savings, and the future monthly CPF contributions in this account to buy a property and/ or to pay the monthly instalments of the housing loan up to 100% of the Valuation Limit (VL). The VL is the lower of the purchase price or the value of the property at the time of purchase.

If your housing loan is still outstanding when your total CPF usage for the property had reached the Valuation Limit and you are below the age of 55, you may continue to use the excess in your CPF Ordinary Account savings to repay the housing loan after you have set aside half of the prevailing Minimum Sum. Savings in the Special Account (including the amount used for investments) and Ordinary Account can be used to meet half of the prevailing Minimum Sum.

You may use your CPF to pay the purchase price of the property after you have paid the first 5% of the purchase price in cash.

If you are buying an Executive Condominium and are eligible for the Housing Grant, you can use the grant to pay the downpayment at the time of signing the Sale and Purchase Agreement and after you have paid the 5% cash payment. However, further CPF, if any, can only be released after you have paid all the cash difference.

Click here for more information on residential properties.

To find out how much you can withdraw from your CPF for housing, log on to our Housing Withdrawal Calculator.