Dear Mickey,
CPF returns from the sale of your HDB will likely take estimated 2-3 weeks after completion of sale. Bearing that in mind, your timing of completion for purchase has to be planned around this. Alternatively, you may wish to consider taking up a bridging loan from the bank for your purchase to tie over the period subjected to you being eligible for it. The immediate requirement you need will be 5% of the purchase price of condo that you will be purchasing.
With the new regulations coming into effect, you will require proper planning in terms of financial aspect to avoid any disappointment or having your deposit forfeited.
Let me know how I may assist you further.
Should any of your friends or relatives require any real estate assistance or advise, you may wish to pass on my contact details as listed below to them.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile:
+65-81577565
Email: lim.geryl@yahoo.com.sg
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