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Financial WTA: 10% Downpayment from EPF Withdrawal

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TSskyde
post Jun 16 2009, 09:44 AM, updated 17y ago

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Hi there,

I am planning to apply for EPF withdrawal to buy a second hand house from individual. As EPF personnel told me that the S&P must be signed first before I can apply for the withdrawal, can I delay the payment of 10% downpayment when signing the S&P until I have received the money from EPF?

Thanks.

This post has been edited by skyde: Jun 16 2009, 10:03 AM
TSskyde
post Jun 16 2009, 10:04 AM

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QUOTE(YLT @ Jun 16 2009, 09:52 AM)
No, you cannot withdraw to buy 2nd house unless you sold the first house first. (as far as i know)
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Sorry, typo. I mean second hand house. Sorry for confusion.

 

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