What is the timeline for buying and selling HDB with CPF funds

The timeline for buying and selling HDB flats with CPF funds includes several key steps:

1. Option to Purchase (OTP): The Option expires at 4pm, 21 calendar days from the date of granting Option by sellers. Sellers may keep the Option Fee.

2. Submission of Resale Application: Buyers and Sellers must submit their respective portions of the resale application within 7 days of each other. The application is complete only when HDB receives both portions.

3. Refund of CPF Monies: HDB will arrange to refund the CPF monies to the CPF account within 10 - 14 working days from the date of the completion appointment.

4. Valuation Report: Buyers must have a valid valuation report if they are using CPF funds to buy the flat or service the loan installments.

5. Completion Appointment: The completion appointment marks the final step where the flat is legally transferred to the buyer's name, and the seller receives the net sales proceeds via cheque.

These steps ensure a structured process for using CPF funds in HDB transactions.