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For Temporary Loan Scheme, the requirement is to have "applied to sell existing flat". Does this only mean registering the intent to sell, or must we have Granted the buyer's OTP etc.? What steps of the sale must be completed to apply for TLS?

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2 Answers

Hi,

1) You may submit your TLS application together with your intent to sell.
2) This is to ensure that you are eligible for the TLS so that you can plan for your next step.
3) The TLS will only disburse upon receiving an exercised OTP from you.
4) Thus you can control when you need the funds from the TLS for your purchase payment.

Hope the above answer 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.
I'll be glad to assist.

Best regards
Ling CK
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Hi,

This requirement means the resale application for your property has been submitted by both buyers and sellers and received by HDB. This is probably 3 to 6 weeks after the 1st Option Deposit has been received, and with OTP exercised.

Hope the above clarifies. 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.

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