Since the limit depends on the Basic Retirement Sum, what happens if your housing loan deductions reach it?
For private properties, you can also use the CPF OA savings to pay for the loan for house construction or the purchase of vacant land. For most people, the property bought has a remaining lease covering the youngest owner until age 95. As of 10 May 2019,Other than the Loan-to-Value limit, there’s no limit to how much you can use your CPF savings if you’re buying a BTO with an HDB loan. So you can use all your OA savings to pay off the loan.The limit is the lower of the valuation or the property price at the time of purchase. This is also known as the valuation limit.
For properties with a remaining lease that doesn’t cover the youngest owner till age 95, the limit to how much you can use your OA savings will be prorated based on the youngest owner’s age.If you’re buying another property
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