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As a first-time buyer who owns an existing HDB flat, you must dispose of your existing flat before or by the time you take possession of the new SBF unit.

To use ECF:
1) You must have a confirmed buyer for your existing flat.
2) The sale must be legally executed and approved by HDB.

The ECF allows you to use the cash proceeds and refunded CPF from the sale of your current flat to offset the purchase of the new flat without needing to come up with the full payment upfront. Read More

Hi

Do you mean you have already booked and confirmed an unit in the SBF exercise? Or still waiting for selection exercise and have not booked at unit

Because at Agreement of Lease appointment, you need to have the downpayment ready (10% of buying price if using hdb loan). This amount cannot be contra away by your sale proceeds.

Contra facility is also not available if there is bank loan involved for either your sale or purchase. Do share more details so I can advise you further.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Ivan Ng Realtor
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hi,

If you don’t need the proceeds from selling your current flat to collect the keys, you can go ahead and collect the keys first, then sell your existing unit within 6 months from the key collection date, as required by HDB.

However, if you do need the sale proceeds to fund the new flat and haven’t secured a buyer yet, you can write in to HDB to request a delay in your key collection appointment.

In both cases, it’s ideal to secure a buyer early—and you may also consider requesting a 3-month extension of stay from the buyer to ensure a smooth transition.

I can assist you in finding the right buyer and planning out the timeline. Please feel free to refer to the testimonials below for your kind consideration.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
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--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
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--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Hi Sir/Mdm,

I have personally assisted many of my clients who are in the same situation as yourself. If the keys are ready and you wish to apply for the Enhance Contra Facility, then you will need to secure a buyer for your existing HDB flat.

We will need to plan the sale timeline such that you are able to transit smoothly and seamlessly from your current flat to the new one without the need for an interim housing and also buy some buffer time for moving and renovation.

Please feel free to contact me so that I can share with you in greater details on the timeline planning and considerations.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

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Visit my website to get to know me better:
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Testimonial from my Clients
Nick is THE absolute best agent, guide to navigating the property market in Singapore. From selling to buying, he manages to get the absolute highest when selling and negotiators to the absolute lowest when purchasing. (So double win for me!). In fact, I bought my new home at the absolute lowest transaction across all the transacting homes. Most agents would just give vanilla advice, he puts scrutiny into every potential choice we were making by advising potential gains, rental yields, back up plans. I think we went through a whole list of more than 20 + before narrowing down to a few high potential properties! Super responsive to our questions and handheld us through the process and even answered questions in the middle of the night. Would absolutely recommend working with Nick for anyone looking to buy, sell or just advice!
Kenneth (Seller and Buyer) Jan 2025

Nick was introduced to me by a friend who learned that my previous property agent wasn’t meeting my expectations. During our first phone call, Nick quickly grasped my concerns and provided a detailed financial plan the next day. Since switching to Nick, selling my house has been much more relaxed. His virtual tour and informative fact sheet eliminated the need for my family and me to be constantly present for viewings by unsuitable buyers.
Nick was invaluable in purchasing my next property. He sourced units within my budget and analysed price trends of condo projects I was interested in. With Nick’s assistance, the buying process was seamless, and he expertly coordinated the sale of my current unit with the purchase of the next. Kudos to Nick for his outstanding service and advice!
Eileen Chen (Seller) June 2024

During Nick’s presentation to us, he showed confidence and resourcefulness. He showed us his various methods of reaching out to potential buyers instead of just relying on Propertyguru. He also saw the potential of our home to sell at our projected price. Where other agents deem impossible to achieve, he did his analysis and deems it reasonable and achievable. Nick proves trustworthy. From time to time, Nick will update us on the progress and on any viewing. He will filter buyers who could not meet our asking price and provide update and advice on the offers. We are grateful that he helps us to negotiate for a good price for our home. In summary, Nick is dedicated, resourceful, trustworthy and willing to take challenges.
Sunny Ng (Seller) April 2024

Selling our house was a pretty stressful ordeal, as we have already committed to buying our new home and hence have a timeline to meet. Losing a substantial deposit and worse still, not getting our dream home caused many sleepless nights as we are nearing our deadline. I am very glad we have decided to switch to Nick and seek his help after the dismal performance of our first agent. Not only is Nick very patient in explaining things to us, time and time again he gives us reassurance to allay our worries. And he walked his talk.
W Read More

Hi,

1) Yes, you have to check the contra facility when submitting the resale application.
2) There are times when the new flat address is not updated in the HDB system.
3) You have to call HDB to request for help when this happened.
4) You also have to inform the HDB when you received the letter for key collection.
5) Appeal for a delay in the key collection so that you could sell the current flat to finance the purchase.

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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1. As a first-time buyer with an existing HDB flat, you’ll need to **sell your current flat before or by the time** you collect keys to your new SBF unit.
2. To use the **Enhanced Contra Facility (ECF)**, your existing flat must have a **confirmed buyer**, and the **sale must be legally approved by HDB**.
3. ECF lets you **tap into your sales proceeds and refunded CPF** to help pay for the new flat, so you don’t have to fork out the full sum upfront.

"Do not save what is left after spending, but spend what is left after saving." — Warren Buffett
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