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Hi

Since you need to use the CPF refund from existing hdb to complete the purchase, it will be good to start planning for the sale now, as it takes approx 3 months to process the resale, and we can also get another 3 months extension for the transition. This is also excluding time needed to find a buyer.

Yes CPF refund will go back to top your RA first, up till your Full Retirement Sum. Any in excess of that can then be used for the bto purchase.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!

-- HDB Choa Chu Kang BTO 4-RM Sellers, 5-RM Purchasers, Zima & Faizal --

Ivan was prompt in replying to my endless queries & concerns. He was very attentive to details and he knows my exact 'taste' during the process of house hunting. I would say that my requirement in getting a flat is quite high because i was looking for a flat located near my parent's as well as the MRT station. It impressed me that he could read my mind well which makes the whole transaction alot easier. I also love the fact that he is calm, not pushy & always ensuring me that there are still sufficient time to look out for other available houses. We are so thankful beyond words for his understanding and patience throughout the whole process. We managed to sell our BTO with extension & secure a 5 room flat without COV, located near my parent's and a 3 to 5 mins walk to the MRT station. Thanks Ivan! Read More

Hi, appreciate your sharing able to begin marketing 1-2 months before key collection and for CPF OA able to walk into CPF board and check on the amount able to use for next purchase.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

Since the funds from your current unit's sale are needed for your next purchase, I recommend starting the marketing process now. Excluding the time to find a buyer, the resale process itself takes about 3 months to complete. Ideally, the completion of your current unit's sale should be around 3 weeks before your key collection. This allows sufficient time for your CPF refund to be credited back into your account.

Additionally, we’ll need to request a 3 month extension from the buyer, so you’ll have a place to stay before moving into your new home. Do note that your CPF refund will first go toward topping up your RA until it meets the Full Retirement Sum. Any excess can then be used for your BTO purchase.

I can assist you in finding the right buyer for your current unit and assist you financial planning and timeline. Please refer to my testimonials below for your consideration.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Given that you are anticipating the refund of your CPF funds after the sale of your current place to be going into your RA, you will need to approach CPF and request for them to set aside the funds for your BTO. They will need to approve this arrangement and they will take note of such request when you sell your current HDB. Have you manage to visit the site to see on the progress?

If you have not received notification to collect your keys, you may wish to find out from HDB on the most likely date for key collection. Base on current schedule you have provided, it could be good to kickstart the marketing process by the end of lunar new year festivities. Hope it helps!

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Geryl Lim
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Hi , Do contact me at 97970200  to discuss more on your plans and options.

Regards
Mark Ng
 97970200 
Propnex Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, in your case you should start engaging an agent and start planning the selling process. Since you mentioned that you do need all the OA funds to pay for it and also it takes about 3 to 6 months to sell a flat.

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

Hi, you can actually start the process now, and you will need to write in to CPF to let them know of such a situation to see if they are able to set aside the CPF for your flat purchase. Most likely you can opt for a temporary loan for your situation which allows you slightly more time for renovation.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

Good day to you,

It is prudent that you write to the CPF board and request for your CPF monies to be withheld, to facilitate the payment to your BTO unit.
With the key collection being Q2 2025, this would mean that you should be collecting keys in the April to June period, hence you must start to market your unit now.
You can request up to 3 months' extension of stay, from the prospective buyers.

Let's meet up and start the ball rolling since the clock is ticking.

Navigate Property Decisions with Confidence

With over 15 years of experience in Singapore's residential property sales and purchase (S&P) cases, I understand the complexities involved in the process. I aim to guide you every step of the way with clear communication, ensuring that all parties are legally represented and protected.

I offer in-depth knowledge in:
Ø Estate Planning and Distribution: Planning for the future can feel daunting. Let’s work together to create a smooth, transparent process that brings peace of mind.
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Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

1. To ensure a smooth transition, I suggest starting the marketing process now since the resale process takes around 3 months. Finding a buyer will take additional time, and you’ll need a 3-month extension from the buyer to give you time before moving into your new place.
2. The CPF refund from the sale will first go towards topping up your RA to meet the Full Retirement Sum. Any surplus can then be used for your BTO purchase.
3. I can help you market your current unit and assist with financial planning, ensuring your timeline aligns with the key collection date.

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Hi Sir/Mdm,

I have assisted several of my elderly clients who are in the same situation as yourself, selling their flat to collect keys for a new BTO.

For this case, I will time the sale and key collection such that they do not need to move to a temporary place to stay and at the same time have some buffer time for renovation and sufficient time to move.

As for the finances, it is possible to use the sale proceeds from the sale together with the CPF you are allowed to use to pay for the balance payment so that you will not need a loan. If you are above the age of 55 years old, you will need to top up the refunded CPF to your RA, up till the Full Retirement Sum. If you are facing financial difficulties, you may want to appeal to CPF board to allow you to use more of your CPF towards the BTO.

Please feel free to contact me privately so that I can run through the steps and procedures in greater details so that the timeline can be planned properly before you proceed and ensure you can transit smoothly and seamlessly from your current place to the new BTO.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

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Testimonial from my Clients
Nick is THE absolute best agent, guide to navigating the property market in Singapore. From selling to buying, he manages to get the absolute highest when selling and negotiators to the absolute lowest when purchasing. (So double win for me!). In fact, I bought my new home at the absolute lowest transaction across all the transacting homes. Most agents would just give vanilla advice, he puts scrutiny into every potential choice we were making by advising potential gains, rental yields, back up plans. I think we went through a whole list of more than 20 + before narrowing down to a few high potential properties! Super responsive to our questions and handheld us through the process and even answered questions in the middle of the night. Would absolutely recommend working with Nick for anyone looking to buy, sell or just advice!
Kenneth (Seller and Buyer) Jan 2025

Nick was introduced to me by a friend who learned that my previous property agent wasn’t meeting my expectations. During our first phone call, Nick quickly grasped my concerns and provided a detailed financial plan the next day. Since switching to Nick, selling my house has been much more relaxed. His virtual tour and informative fact sheet eliminated the need for my family and me to be constantly present for viewings by unsuitable buyers.
Nick was invaluable in purchasing my next property. He sourced units within my budget and analysed price trends of condo projects I was interested in. With Nick’s assistance, the buying process was seamless, and he expertly coordinated the sale of my current unit with the purchase of the next. Kudos to Nick for his outstanding service and advice!
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During Nick’s presentation to us, he showed confidence and resourcefulness. He showed us his various methods of reaching out to potential buyers instead of just relying on Propertyguru. He also saw the potential of our home to sell at our projected price. Where other agents deem impossible to achieve, he did his analysis and deems it reasonable and achievable. Nick proves trustworthy. From time to time, Nick will update us on the progress and on any viewing. He will filter buyers who could not meet our asking price and provide update and advice on the offers. We are grateful that he helps us to negotiate for a good price for our home. In summary, Nick is dedicated, resourceful, trustworthy and willing to take challenges.
Sunny Ng (Seller) April 2024

Selling our house was a pretty stressful ordeal, as we have alrea Read More