Hi Music O, Upon receipt of the refunds from sale of your existing property, we will process the refunds to your CPF account within five working days for the sale of property. You can reuse the refund for the purchase of your next property. If your existing property is a Housing & Development Board (HDB) flat, you can contact HDB at hdb.gov.sg/cs/infoweb/contact-us to learn more on the process of selling your flat and the processing time. You can also consider taking a bridging loan from any banks for your next property purchase while waiting for the CPF refunds from sale of your property, so long as HDB and/or your bank allow. Thank you.
Please share the time line we could reuse our returned cpf to buy our next replacement home after our property sales completion.
Hi Music O,
Upon receipt of the refunds from sale of your existing property, we will process the refunds to your CPF account within five working days for the sale of property. You can reuse the refund for the purchase of your next property.
If your existing property is a Housing & Development Board (HDB) flat, you can contact HDB at hdb.gov.sg/cs/infoweb/contact-us to learn more on the process of selling your flat and the processing time.
You can also consider taking a bridging loan from any banks for your next property purchase while waiting for the CPF refunds from sale of your property, so long as HDB and/or your bank allow.
Thank you.