BTO downpayment with CPF RA

When purchasing a BTO (Build-To-Order) flat in Singapore, you can use your CPF (Central Provident Fund) Ordinary Account (OA) to pay for the downpayment. Here are the key points:

- The downpayment for a BTO flat is 20% of the purchase price.
- You can use up to 100% of the downpayment from your CPF OA, subject to CPF savings limits.
- There is no minimum cash requirement if you are using an HDB loan, but you can pay the downpayment using a combination of CPF OA and cash.
- Under the Staggered Downpayment Scheme, you can pay the downpayment in two stages: 5% at the signing of the lease agreement and the remaining 15% when collecting your keys.

This flexibility allows you to manage your financial burden more effectively, especially since you can utilize your CPF savings to cover a significant portion of the downpayment.