Here are three reasons why you should:
Choose a home that meets both your current and future needs, including your long-term retirement plans.
             
         
	
 
 
 
             
         
	
 
 
 
Generally, you have up to 6 months to sell your current flat after the purchase completion of your next property. There is no need to sell the current flat first unless you need the sales proceeds to fund the purchase. Check your Home ownership dashboard to find out the amount of CPF refunds you may reuse for your next flat.
If you are purchasing a CCA or short-lease 2-room Flexi flat: As you will not be eligible for loans, the purchase price would have to be paid in full using your OA and cash savings. There is no need to sell your current flat first if you have enough OA and cash savings for the purchase.
If you are purchasing a resale flat: You can take a loan to pay for the purchase. There is no need to sell the current flat first, if your loan, OA and cash savings are enough for the purchase.
Otherwise, you may have to sell your current flat first for the sales proceeds and find interim housing arrangements. If you are thinking of using the CPF refunds for the purchase, please note that CPF refunds may take up to 15 working days to be credited to your CPF accounts.
Take note of the default Daily Withdrawal Limit of $2,000 if you intend to withdraw your CPF refunds credited to your OA.