property personalised
SG Living
Guide to Using CPF Savings with a Bank Housing Loan for HDB Flats
By Lin Zhiqin | June 10, 2016
Follow us on  Facebook  and join our  Telegram  channel for the latest updates.

Under the Public Housing Scheme (PHS), CPF members can use their Ordinary Account (OA) savings to buy new or resale HDB flats.

CPF members who are eligible to buy a new or resale HDB flat can use their CPF savings under the PHS unless they are buying:

The CPF OA savings can be used to:

How to apply



To use your CPF to repay your HDB concessionary loan:

Valuation and Withdrawal limit

There are limits to the amount of CPF savings that can be used depending on:

The limits that may apply are:

Buyers of new HDB flats with a HDB concessionary loan can use their CPF OA savings until the loan is fully paid

Refund to CPF

Buyers who have used CPF savings to finance a HDB flat purchase will need to make a refund to their CPF after the sale of the flat.

The CPF refund includes:

If the sales proceeds after paying the outstanding HDB loan and HDB resale levy is not enough for a full CPF refund, you do not need to top up the shortfall in cash, provided the flat is sold at market value.

Source: HDB, CPF, The Edge Property


More from Edgeprop