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1) Can I buy a new flat be it resales / open booking flat / sales balance flat straight after I sold my matrimonial flat due to divorce?

2) How long will it take for the sales of flat money to be credited to cpf / bank account ?

3)And for sales of flat , will the agent give two separate cheque to me and my ex spouse or joint name cheque ?


4) after sales of flat how long must we hand over to next owner if I haven't got a flat myself ?
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3 Answers

YT Tan (陈永达)
Good morning Sir/ Mdm,

1. You can apply for BTO/ SBF if you are eligible to do so. You have to check with HDB directly.

2/ 3. Sales proceeds will be given to you in a form of cash order on the date of completion. Usually its to both names and credited into joint account. If you wish to have other arrangement, have you speak to law firm or HDB. CPF OA funds will be refunded to your OA within 2 weeks from completion date.

4. You have to vacant your unit before completion for final inspection (let buyers check you have vacated the whole unit). Unless you are eligible for temporary extension which can be up to 3 months from completion.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
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1
Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, for divorce cases, usually I would suggest to my sellers to hire a private law firm. Reason being the law firm would be able to issue 2 separate cheques upon the completion of the flat.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Good morning,

You can apply for BTO / SBF if you are eligible to do so. You can check with HDB on that.

On completion day, a cashier's order for a portion of the sale proceeds will be issued in your name according to the proportions as set out in the court order. Typically it will be banked in within 2 working days.

You can request HDB or the law firm handling the conveyancing of the case to issue 2 separate cashier's order according to the court order. Typically you have to handover the keys of the unit during HDB completion (ie. hand over keys during legal completion to get the sale proceeds)

Hope the above clarifies. I have worked on divorced sellers cases and will be happy to share the best approach. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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