In Singapore, when you sell your HDB flat on the open market, the CPF funds used for the flat (including accrued interest) and any CPF housing grants received will be refunded to your CPF Ordinary Account (OA).
The refund typically takes about **two weeks** to be processed after the completion appointment.
Here's a breakdown of the timeline:
1. **Completion Appointment:** This is the final stage of the resale transaction where you hand over the keys to the buyer and receive the net proceeds.
2. **CPF Refund Processing:** HDB processes the CPF refund and credits it to your OA. This usually takes about two weeks from the completion appointment.
3. **Funds Available:** Once the refund is credited to your OA, you can use those funds for your next flat purchase.
If you are purchasing another HDB flat and require the CPF funds urgently, it's recommended to schedule the completion of your flat sale at least **two weeks before** the completion of your next flat purchase. This will give enough time for the CPF funds to be refunded and available for use.
**Important Note:** The buyer's financing method (cash or loan) does not affect the timing of the CPF refund.
I hope this helps! Let me know if you have any other questions.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX
Read More
