Hi all, need you all to confirm the below based on my understanding are correct?

We assume the following,

Selling Price : 660k
Deposit 10% : 66k
SPA price : 594,000

Loan amount :594k

EPF withdrawal

660k - 594k = 66k
660k x 10% = 66k
Max withdrawal = 132k or whichever is lower.


Difference between purchase price and approved loan amount +
10% of the purchase price
OR
Applicant's entire savings in Account 2
(whichever is lower)

This post has been edited by stevenryl86: Apr 12 2023, 01:51 PM

Clarification: "Purchase Price" in EPF withdraw scheme refers to the purchase price on your SPA, because this is the "official" price of your property that will be reported to authorities for tax purposes.

Why is your SPA price lower than the purchase price you put above? Is the amount you indicated as "SPA price" above the Balance Price/Balance to be paid, or is the Purchase Price within SPA as per SPA terms in any "Purchase Price" clause or appendix?

This post has been edited by DragonReine: Apr 14 2023, 11:34 AM