Typically, upon receipt of the funds, CPF will process the refunds within five working days for the sale of property.
It will take approximately 2 weeks for the funds to be credited to your CPF account.
More information can be obtained from the following link: https://www.cpf.gov.sg/members/FAQ/schemes/Housing/Housing-Scheme/FAQDetails?category=Housing&group=Housing%20Scheme&folderid=11482&ajfaqid=2185872
We advise you to speak to our financial home advisors and we will help you. Do feel free to Whatsapp us at: wa.me/6587695300 or https://www.propertyguru.com.sg/mortgage/contact
Hope this answers your question.
Sometimes can be a little delayed. But that's the rough guideline..
So maybe a good idea to submit the buying side a little later to be on the safe side..
Hope it helps!
- Hakim Realtor
I have been in the real estate business since 2009, with more than 10years 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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In order to advise you further on this, I need to find out details of your transaction such as whether you are doing contra, engaging a HDB or private lawyer for your next purchase etc. If you have engaged an agent for your sales transaction, its best if you are able to seek his advise on this. If not, do contact me at 93375051 for a free and non obligatory discussion on this.
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