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I have began selling my house and had requested a 3 months extension stay.

When can I start buying another unit (i.e. exercising OTP) so that I don't exceed the 3 months extension stay?

I would need my CPF refunds in order to fund the new flat.

Must I wait until the second appointment before starting to buy a new flat? Or can I do before the first or second appointment?

Contra is not an option.
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3 Answers

Hi,

It will take about 2 weeks for CPF funds to be returned to your OA after resale completion, depending on the circumstances of your transaction.

You need not wait till the 2nd appointment (of your Flat A) to start buying a flat (Flat B), so long as your timelines are managed carefully, in which the Sale of A is completed earlier than the Purchase of B, so that you can allow enough time for CPF monies to refund to your OA, and then withdraw them for purchase, and minimize any inconvenience in between.

It is best if I can speak to you to understand your timelines better so as to further value-add and not to cause further doubts. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More
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Evening,

You will need to know what type of unit you are looking at and how sellable is your property. Working closely with the timeline on the funding is also vital. However, I believe your agent would also be in get of position to provide you with sound advise.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi, time management is an important part when you sell and buy. Do remember, seller may also ask for extension. For me to assist you closely on the case, kindly drop me an email for me to share more with you.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmai.com Read More
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