CPF For 2nd property
Note: For owners who have used or are using CPF for an existing property, they must set aside half of the prevailing Minimum Sum before they can use the excess savings in their Ordinary Account for the second/subsequent property. 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. Please note that as the Minimum Sum will be raised in July each year, the amount you need to set aside will be adjusted accordingly. The following examples show how much you may use for your second/subsequent property. The computation is based on $58,500, which is half of the prevailing Minimum Sum.Example 1: Purchase Price
$650,000
Value of Property
$600,000
Valuation Limit(lower of the purchase price of the value of the property at the time of purchase)
$600,000
CPF Withdrawal Limit (100% of Valuation Limit)
$600,000
You intend to use your CPF savings to pay the following for your second/subsequent property:i) part of the purchase priceii) the monthly instalments of the housing loaniii) the legal and stamp fees (say, $23,000) (A) Net Balance in Ordinary Account
=
$30,000
(B) Net Balance in Special Account
=
$10,000
(C) Amount used under CPFIS-SA
=
$30,000
(D) Total amount that can be used to set aside half of the Minimum Sum = (A) + (B) + (C)
=
$70,000
(E) Half of the Prevailing Minimum Sum
=
$58,500
(F) Amount in excess of Half of the Prevailing Minimum Sum = (D) - (E)
=
$11,500
(G) Amount that may be used for the second/subsequent property = (F) or (A) whichever is lower
=
$11,500
* In this case, you may only use $11,500 from your Ordinary Account after setting aside half of the prevailing Minimum Sum for the second/subsequent property. As long as you are able to set aside this required amount, you may use the future monthly CPF contributions that are paid to your CPF Ordinary Account to service the housing loan of the second/ subsequent property up to $600,000.
Example 2:
Purchase Price
$650,000
Value of Property
$600,000
Valuation Limit(lower of the purchase price of the value of the property at the time of purchase)
$600,000
CPF Withdrawal Limit (100% of Valuation Limit)
$600,000
(A) Net Balance in Ordinary Account
=
$10,000
(B) Net Balance in Special Account
=
$10,000
(C) Amount used under CPFIS-SA
=
$5,000
(D) Total amount that can be used to set aside half of the Minimum Sum = (A) + (B) + (C)
=
$25,000
(E) Half of the Prevailing Minimum Sum
=
$58,500
(F) Amount in excess of Half of the Prevailing Minimum Sum = (D) - (E)
=
$0
(G) Amount that may be used for the second/subsequent property = (F) or (A) whichever is lower
=
$0
* In this case, you are unable to set aside half the prevailing Minimum Sum which is $58,500. Hence, no monies can be withdrawn from your CPF Ordinary Account for the second/ subsequent property until you have set aside the required amount. Therefore, please make alternative arrangement to finance your purchase for the second/ subsequent property.
h原帖地址，ttp://www.choosh.myweb.sg/agent-page/25316/cpf-for-2nd-property转帖注：
$58500=11700/2是09年的数据，最新数据是$148,000/2=$74000