What conditions must I fulfil for using my CPF to buy a private property?

The following conditions must be met when using your CPF savings for buying properties:

1. Leasehold properties bought cannot have less than 60 years left in the tenure.
   
   
2. Only immediate family members can combine their CPF savings to buy a property, and they can use up to 100 % of their Ordinary Accounts. However, the total amount (lump sum and monthly installments) withdrawn by all joint owners should not exceed the purchase price of the property.
   
   
3. The CPF Board must approve the sale of the property before the property is sold, mortgaged or transferred. After the sale of the property, all money withdrawn from your CPF account, must be returned to your CPF savings. The money return must include the principle sum withdrawn and the accumulated interest of the sum withdrawn.
   
   
4. There must be a lapse of 1 year from the date of the signing of the Sale & Purchase agreement before CPF members can re-use their refunded CPF savings and accrued interest. However, this rule does not apply to those who are upgrading from HDB flats to private properties.