8 Answers

You may wanna utilise your CPF funds in that case. Please approach HDB. They will be able to assist you with this.
Don Sidhu
 94513474  Read More
  • k***@hotmail.com
    Hi. I will be wiping out my CPF + cash top up for the initial 10% DP. Thereafter no more cpf balance. But i have plans to sell my flat after the 1st appt. Checking out if timeline will be able to catch up with the keys clt appt.
Hi, can I know more about the breakdown of your finances before I can give you better advice?

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
landonchew@email.com Read More
Hi, appreciate your sharing. Either personal loan, or sell current unit and rent or stay with family members.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Stewart-PropNex (Senior Associate Division Director) Read More
Do you currently own a property so that you will be selling this property prior to collection of key to your SBF unit?

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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0


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Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

In terms of timeline you can sell your current hdb and ask for 3 month extension from your buyer. It should be planned in a way your hdb completion is around 2 weeks before your key collection. I have done so for my own SBF so I would be able to assist you.

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
Seek Help from CPF:
Use your CPF Ordinary Account (OA) Savings: This is the most common option. The 10% down payment can be directly deducted from your CPF OA savings upon exercising your option to purchase (OTP).
Explore Loan Options:
HDB Loan Top-Up: If you already have an existing HDB loan and your Loan-To-Value (LTV) ratio allows, you might be eligible for an HDB loan top-up to cover the down payment.
Bridging Loan: Consider a short-term bridging loan from a bank or licensed moneylender. This loan would tide you over until you can sell your existing property or access CPF funds. However, bridging loans typically have higher interest rates, so proceed with caution.
Deferment of Down Payment:
Check with HDB: Under exceptional circumstances, HDB might allow a short deferment of the down payment. However, this is uncommon and subject to approval on a case-by-case basis. Contact your nearest HDB branch to inquire about the possibility.
Important Considerations:

Deadline for Down Payment: The deadline to pay the 10% down payment is typically during key collection, which can be a few weeks after exercising your OTP. Ensure you have a plan in place to meet this deadline.
Financial Planning: If you're considering a bridging loan, carefully evaluate the interest rate and ensure you can comfortably repay it within the short term.
Selling Existing Property (if applicable): If you're selling your current property to fund the down payment, factor in the sales timeline and potential delays.

Contact HDB: Discuss your situation with HDB to understand your options and potential eligibility for any assistance programs.
Explore CPF Options: Check your CPF OA balance and ensure it's sufficient to cover the down payment.
IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More
Contact HDB: Discuss your situation with HDB to understand your options and potential eligibility for any assistance programs.
Explore CPF Options: Check your CPF OA balance and ensure it's sufficient to cover the down payment.
IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More

1) Don't worry. If you can pay after selling your current flat. Then this is not an issue.
2) The HDB will be giving out the notice for key collection around 3 months earlier.
3) You have 3 months to sell your flat before collecting your keys for the SBF.
4) So, in the event you are still unable to find a buyer by then. You can put up a request to delay your key collection until your flat is sold.
5) You may also considered to apply for the Temporary Loan Scheme (TLS) from the HDB if you meet the following conditions:
(a) Keys are now ready for collection.
(b) Free from outstanding loan for the current flat.
(c) Already registered intent to sell.
(d) Will have sufficient CPF and cash proceeds from the sale of the existing flat to fully redeem the temporary loan.

6) You can then collect your keys to the SBF as per planned once the TLS is approved.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
https://www.linkedin.com/in/ckling/ Read More