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I intend to sell my condo unit to purchase a new one from a developer. However, I need the funds from my resale unit to pay for the initial 20%. How long does it take for the funds to be downloaded to me after I've successfully sold my unit?
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2 Answers

Peng Robert
Replied
Hi Sir,

Have you already sold your unit yet? It will take about 8 weeks after you issue S&P to buyer.

Alternatively you may consider bridging loan by banks.

Welcome to contact me if you need further assistance.I am very familar with the process. Free of charge for the agent work. Thanks.

Robert Peng 9800 1968 
Robertpeng001@gmail.com
CEA reg No.: R042525J
Huttons Relationship Group Read More
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Mike Lim
Replied
Morning,

From the point of getting a buyer and after your buyer have exercised the Option, the completion date should be around 8 to 14 weeks. However, you would need to check with your bank on the period required to discharge your loan, else you might be charged for additional admin charges. You are also to consider if your current unit purchase date falls into the SSD ruling.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
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