varadidie 0 Report post Posted September 16, 2009 Hi Does anyone know how long it takes for CPF to credit back your CPF after the Resale Completion Date (2nd Appointment). HDB said its 10 days, but usually, HDB time is not as accurate. For example, result for HLE application was told to be out in one week (7 days) but it came out much earlier if you view from HDB web page (log in by Singpass). I had mine within 2 days. 1st appointment date was also fixed within 2 days, but they will tell you it will take one week. The reason Im asking is because I need the cpf to be in our account immediately so my 1st appointment to buy another flat will not be delayed. Since I need to properly plan (before submitting application for buying part) Appreciate your advise! Share this post Link to post Share on other sites
Potluck 0 Report post Posted September 16, 2009 Hi, I got my reimbursement less than 3 workings days, surprisingly. I thought it will take at least 2 weeks but was surprise to see my reimbursement when I checked my cpf online. I guess it depends the processing officer maybe and the cutoff time probably. Share this post Link to post Share on other sites
piggybank 0 Report post Posted September 17, 2009 My 2nd appointment/completion was on 28 July and when I checked my CPF balance the next day (29th), the money is back in my account. Share this post Link to post Share on other sites
tower 0 Report post Posted October 18, 2009 Always cater for spare tine at least 7 working days. Share this post Link to post Share on other sites
joyrob 0 Report post Posted November 2, 2009 hi.. my completion date for selling my house is 11 nov, and the completion date for purchase of resale unit is 2 dec.. Lawyer says need at least 3 weeks for processing of funds transfer to CPF a/c (after selling off flat) , and then from CPF to lawyer, cum admin.. is this a norm ? find it quite long for 3 weeks.. Share this post Link to post Share on other sites
springsummer 0 Report post Posted November 3, 2009 hi.. my completion date for selling my house is 11 nov, and the completion date for purchase of resale unit is 2 dec.. Lawyer says need at least 3 weeks for processing of funds transfer to CPF a/c (after selling off flat) , and then from CPF to lawyer, cum admin.. is this a norm ? find it quite long for 3 weeks.. I think everyone puts in buffer when the client asks. I called CPF, they said they'd be able to refund the CPF to our acct within 10 working days. I called the law firm, the secretary said it should be within 2 weeks to get our CPF refund and another 1 week to transfer to the bank. So, don't know which one is true. Just hv to see on the actual date. Share this post Link to post Share on other sites
leo_aries 0 Report post Posted December 5, 2009 hi.. my completion date for selling my house is 11 nov, and the completion date for purchase of resale unit is 2 dec.. Lawyer says need at least 3 weeks for processing of funds transfer to CPF a/c (after selling off flat) , and then from CPF to lawyer, cum admin.. is this a norm ? find it quite long for 3 weeks.. you mention your completion for the purchase of the resale unit is 2 dec? do you mean completion or First Appointment on 2 dec? I thought the cpf deduction was suppose to be on the First Appointment? Share this post Link to post Share on other sites
therat 18 Report post Posted December 6, 2009 you mention your completion for the purchase of the resale unit is 2 dec? do you mean completion or First Appointment on 2 dec? I thought the cpf deduction was suppose to be on the First Appointment? CPF deduction only happen on the 2nd appointment 1st appointment basically is check the doc and etc. Share this post Link to post Share on other sites
leo_aries 0 Report post Posted December 6, 2009 CPF deduction only happen on the 2nd appointment 1st appointment basically is check the doc and etc. How about the 10% deposit? which if getting HDB loan will can be 10% cpf. and bank loan is 5% cash and 5% cpf. that deduction is make on first or second appointment? Share this post Link to post Share on other sites
therat 18 Report post Posted December 7, 2009 How about the 10% deposit? which if getting HDB loan will can be 10% cpf. and bank loan is 5% cash and 5% cpf. that deduction is make on first or second appointment? my guess is 1st appointment. For confirmation, check with HDB Share this post Link to post Share on other sites
