AskGuru Q&A Community

Afternoon BLT,

Nope you dont have to. In fact, you can choose to buy a resale HDB first without CPF housing grant or HDB loan but have to dispose off your condo within 6 months.

How can I assist you with your property needs?

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More

Hi BLT,

You don't have to. It will be best if we can meet up for a non-obligatory discussion.

Angela Chua
 9323 3330 
R007702C Read More

Hi BLT

If you intend to buy a HDB flat, In fact now you can look around, would you like me to assist you, i will be happy to serve you.

Thank you.

My contact : 93285579 
From : PropNex Realty Pte Ltd Read More

Hi BLT,

You need not sell away your condo prior to buying HDB if you do not need to utilise the funds for the sale of your condo to purchase your HDB. CPF monies utilised for the purchase of your condo will only be returned to your account for utilisation for purchase of HDB between 2-3 weeks, therefore you need to be prudent in terms of your planning.

Do you need any further assistance?

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg Read More

Hi BLT, many clients ask the same question you have posed.

"buy first then sell?" or "sell first then buy?"

Its truly a chicken and egg question.
It may also seem like I am not answering your question. But honestly, no one really knows which is better, as everyone's goals are a bit different.

If you need to be sure of how much money you have before deciding where to buy and what to buy - then "sell first then buy",

BUT....

if you are already very certain about what you wish to buy and where you wish to be relocated to, it again depends on the market availability of units. If you are concerned and are picky and fussy, I recommend that you "buy then sell"

So there is no RIGHT OR WRONG in this.

For a detailed consultation on which option to take, you may contact me - my details are below.

Yian Tay
ERA Realty Network Pte Ltd
Mobile: 82884499 
Email: yiantay.era@gmail.com
CEA Regn - R027190C Read More

Evening BLT,

If you are buying resale HDB unit, and have sufficient funds at hand, you can purchase the HDB unit first before selling your condo. You have 6 months to get a buyer to exercise the Option. If you do not have enough fundings thus require monies for sales to facilitate the purchase, you need to plan your purchase and sales in accordance to the required timing. Getting a buyer to exercise your OTP for sales to obtain 80% loan for your mortgage and getting the cash on hand in time for the completion can be vey helpful. The other option is to get bridging loan, if your credit is good.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More