If you buy a new condo and pay the stamp duties in cash first and wishes to get a reimbursement later, how long does CPF takes to reimburse you?
“How long does CPF takes to reimburse you?”
Well the ans is simple, 2 weeks from the the day the law firm calls for the release of CPF funds.
The documents needed by CPF for the withdrawal are : Letter of offer, Letter of instructions and Valuation report.In case if client are only taking up a loan later, this will be treated like a cash purchase, there will be no Letter of offer and Letter of instructions as the bank is absent at this point of time.
CPF may still require the buyer to appoint a valuer and submit a copy of valuation report before giving approval for the CPF refund.
DISCLAIMER: The information, materials and opinions contained on this website are for general information purposes only, are not intended to constitute legal advice or a legal opinion on any matter discussed and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and practice in this area. Certain parts of this site may link to external Internet sites, and other external Internet sites may link to this website. PropertyWiki is not responsible for the content of any external Internet sites. If you require any advice or information, please speak to practicing lawyer in your jurisdiction.
Unless otherwise stated, the copyright in the materials published on this website is owned by PropertyWiki (S) Pte Ltd. You may not republish any content or material available on our website on any other public website or alerter service without our prior written consent. We do however, credit the relevant parties of any extracted information we publish and shared within the website. No other use of the materials published on this website is permitted without our express prior written consent.