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After paying the Buyer’s Stamp Duty (BSD) in cash for a resale condominium, how long does it take to submit the CPF OA reimbursement application, and when will the refunded cash be issued via cashier’s order?
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8 Answers

Hi,

1) Your lawyer should be the one advising this.
2) Under normal situation, your application for CPF reimbursement application should be submitted immediately together with the BSD payment.
3) You should receive the reimbursement around 2~3 weeks upon completion.

All The Best!!!

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
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Your lawyer should be able to advise better. Draw down period for CPF likely between 2-3 weeks but can differ. Read More
1
After you’ve paid the Buyer’s Stamp Duty in cash for a resale condo, this is how it typically works in practice:

• When to submit CPF OA reimbursement
The reimbursement request is usually submitted after completion, once the property is legally transferred into your name. Your conveyancing lawyer will handle this as part of the completion paperwork. You don’t submit it immediately after paying BSD.

• When the cash refund is issued
Once CPF approves the reimbursement, the refunded amount is released via cashier’s order, usually within 1–2 weeks after completion. In some cases it can be slightly faster, but budgeting for about 2 weeks is safe.

Key thing to note:
The refund is not instant, so if cashflow is tight around completion, you should still plan with a buffer.

If you want, I can help you map out a simple cashflow timeline from option exercise to completion, so there are no surprises along the way.
Aren Goh, PropNex
 9657 6701  Read More
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Good day to you.

Your attorney will file your BSD remission and the funds drawdown. This drawdown facilitate payment for the transaction. Consequently, you can expect to receive the cashier order within 1 to 3 weeks following the completion date of the resale. For a more precise timeline, it would be wise to contact your attorney.

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It should usually take a few weeks.

Sounds like you are in the midst of financial planning for your home buying journey, and do not have a buyer agent on your side advising.

As you may or may not know, an overwhelming majority of private home buyers in Singapore work with a buyer agent when buying a home. It will save them hundreds of thousands of dollars via property analysis, safe entry pricing, negotiations and property checks for absolutely no cost to the buyer.

Buying a house without a buyer agent's support is similar to rejecting free help from a lawyer to represent you in court, and then expecting the opposing lawyer whose literal duty is to serve the other party, to help you get a good deal instead. While it might work out fine sometimes, there's just very little reason to take the risk...

If you need an agent to support your purchase, I'll be happy to step in. I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions. I can help with sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more.

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Hi,

Up to this stage, your law firm is the best person to ask.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
(✔1) Your appointed lawyer is the main party responsible for guiding you on CPF reimbursement matters and timelines.

(✔2) In most cases, the CPF refund request is submitted at the same time the Buyer’s Stamp Duty is paid.

(✔3) CPF funds are typically released about two to three weeks after the resale completion, though timing may vary.

(✔4) The lawyer will handle the BSD remission filing and CPF fund drawdown to support the transaction settlement.

(✔5) Once funds are released, the cashier’s order is usually ready within one to three weeks from the completion date.

(✔6) Processing duration can differ depending on CPF and IRAS workloads, so checking directly with your lawyer gives the most accurate estimate.

(✔7) Keeping all required documents ready early helps avoid delays in fund disbursement.

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Hi, appreciate your sharing, able to check with law firm on the issue before you move forward for your next purchase.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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