CPF Housing Schemes & Calculations (C2L1S0710)

$70.00 (Member Price: $35.00)

Credit Hours 2 Core Hours
Speaker
Date & Time May 2, 2019 1:30 pm – 3:30 pm
Venue IEA Training Room #07-01
480 Lorong 6 Toa Payoh HDB Hub
East Wing Lobby 1
Singapore 310480
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Availability Seats Available

COURSE BRIEF

The Central Provident Fund (CPF) is a comprehensive social security savings plan that has provided many working Singaporeans with a sense of security & confidence for their retirement years.

There are CPF Housing Schemes enabling CPF members to use their CPF Ordinary Account Savings to buy private residential properties & HDB flats.  This lesson will look at those CPF Housing Schemes including CPF calculations, that salespersons must be familiar with when conducting estate agency work in relation to the Code of Ethics & Professional Client Care.

Participants will have a good knowledge and understanding of the following:

  1. Usage of CPF monies for purchase of private residential properties under the Private Properties Scheme
  2. Usage of CPF monies for purchase of HDB flats under the Public Housing Scheme
  3. The CPF monies that can be used for residential properties with remaining lease of less than 60 years
  4. The need to be covered under the CPF Home Protection Scheme Insurance if using CPF monies to pay monthly instalments of HDB flats
  5. Refund of CPF monies upon the sale of a property or should a couple file for divorce