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A tax on residential property sellers within a specified holding period. It discourages short-term speculation and stabilizes the market. Rates vary based on ownership duration, calculated using the property's sale price or market value.
How CPF Affects Your Property Purchase as You Grow Older
Your CPF plays a bigger role in property decisions than many realise. While CPF can be used for your home purchase, the amount available changes as you age due to retirement requirements like the Full Retirement Sum (FRS). This may affect how much CPF you can use and whether more cash is needed. Understanding this early helps you balance home ownership with long-term retirement security.
👉 Click here to learn more about the Full Retirement Sum (FRS).
Your maximum home loan is capped at up to 75% of the property price or valuation, whichever is lower. However, the final loan amount is also influenced by your income and age, as banks assess how long you can service the loan before retirement. As you grow older, the loan tenure may be shorter, which can affect affordability and require a higher monthly repayment or more cash upfront.
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