Hi juz me
I sold my flat in Jul, shifted out in mid Sep and only moved to new flat in late Oct.
In btw, we were staying at bro's place and most of our stuff are in the warehouse.
A few pointers:-
If you moving from 5 room to 5 room or downgrading say from 5 room to 4 room, you won't be able to take HDB Loan, have to take bank loan.
If u are upgrading say from 5 room to exec or 4 room to 5 room, then you can take HDB loan.
Taking HDB loan is less hassle but u need to apply for the HLE letter.
If take bank loan, only can up be to 80% or 90% of the valuation price. If there's cash above valuation, say 10k, you have to pay cash. So all in all, taking a bank loan requires u to have alot of cash on hand.
If take bank loan, there's a cap on CPF withdrawal limit. Currently the limit is 120% of the valuation. Say the valuation is 300K hence the cap is 360K. Means for the whole loan period, the total amount u can withdraw from CPF to service the loan and the interest is cap at maximum 360K. Once you reach the cap, you have to service the remaining loan term with cash. A lot of people are not aware of this.