At a Glance
- Permanent Residents (SPRs) must wait 3 years after obtaining PR status before they can purchase an HDB resale flat.
- You can use your CPF OA for the downpayment, monthly installments, and even the 5% ABSD.
- Be aware that when you sell your home, you must refund the CPF principal used plus 2.5% compounded interest.
After obtaining Permanent Residency (PR) in Singapore, the first thought that often comes to mind is the excitement of finally being able to own your own home. However, once you start looking into it, the complex rules—which differ from those for citizens—and the intricacies of using your CPF can be quite overwhelming.
I remember feeling quite flustered by the long three-year waiting period and the higher-than-expected taxes when I first started looking for a home after getting my PR. Today, I’ve put together some practical information for fellow PR parents and residents.
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