You are probably thinking of buying your first home. You may wish to check here to see if you qualify for an HDB Top Up Grant.

You can buy a property jointly with your spouse if both of you have met the terms and conditions under the prevailing HDB and CPF policies. If you are currently a co-owner of an HDB flat, you will have to relinquish your share of the flat before you purchase a new flat with your spouse. You will have to refund the amount withdrawn plus the interest to your CPF Account when you relinquish ownership of the flat.

You should buy a property that is within your means so as not to over stretch yourself financially. After all, you would not want to be over committed on housing as your CPF savings is also meant for your basic retirement and healthcare needs. You are also advised to take into consideration the change in the CPF contribution rate when taking the housing loan. Contribution rates and the rate apportioned to the Ordinary Account decreases as members grow older.

You should visit the Business Centre in Retirement Ready @ my cpf that may assist you in making an informed decision.

 

If you are buying or selling a HDB resale flat, you would be interested to attend a resale seminar organised by the HDB. 

You will be insured under the Home Protection Scheme if you are using your CPF savings to repay the housing loan used for the purchase of HDB flats. Click here  to find out more about Home Protection Scheme.

Lastly, when a sale of your property takes place, you are required to refund the amount withdrawn plus the interest, which you would have earned, had you not withdrawn for your property.