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How to take the CPF Housing Withdrawal Limits into account when buying an HDB flat (with a remaining lease of at least 60 years)

10 Mar 2017 
SOURCE: CPF Board

Buying an HDB flat is a major financial commitment with a number of considerations to take note of. One important detail in particular is the CPF Housing Withdrawal Limits, which will affect how much CPF savings you can use to finance your home purchase.

 

There are two CPF Housing Withdrawal Limits you should know about, namely the Valuation Limit (VL) and the Withdrawal Limit (WL). These limits may be applicable to you depending on the following:

  • Whether you are financing your flat with an HDB loan or a bank loan
  • The type of HDB flat you are purchasing
  • The remaining lease of the HDB flat at the time of purchase

 

Here's an example of how Fatimah takes them into account to help you understand better.

How to take the CPF Housing Withdrawal Limits into account when buying an HDB flat.png 

*For more information about the CPF Housing Withdrawal Limit for a property with at least 30 years but less than 60 years lease and the Public Housing Scheme, you may refer to https://www.cpf.gov.sg/Members/Schemes/schemes/housing/public-housing-scheme.

 

Information accurate as at 10/03/2017

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