Mar 12 2019, 03:01 PM
QUOTE(Cloudx @ Mar 4 2019, 03:18 PM)
Hi all, I'm planning to purchase my first property which is a subsale unit worth 400k.
I know there's some sort of incentive offered by the gov for first time house buyers but I'm not really clear about it.
I also planned to take money from my EPF's 2nd acc to put a a downpayment for the house, must I first pay the downpayment before applying for the withdrawal?
Another thing is, my wife planned to withdraw her epf as well to be use for renovating the house, can she do that? She has an existing property but never took her epf out before.
Appreciate to get some input on the above.
for the incentive on stamp duty for subsale i think is only 300k and below now, project have better package actually where u will get 1mil mot and 2.5mil loan stamp duty waiver. I know there's some sort of incentive offered by the gov for first time house buyers but I'm not really clear about it.
I also planned to take money from my EPF's 2nd acc to put a a downpayment for the house, must I first pay the downpayment before applying for the withdrawal?
Another thing is, my wife planned to withdraw her epf as well to be use for renovating the house, can she do that? She has an existing property but never took her epf out before.
Appreciate to get some input on the above.
EPF withdrawal should be fine as long as you have not taken any money before.
u can withdraw 10% + 10% for renovation for epf part.
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