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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi
For purchase of BTO, deposit can only be financed with combination of CPF/cash. You can choose to sell yor flat first but the proceed must be in before the signing of agreement of lease. As for the balance payment, in case you plan to fully paid or your loan quantum is not enough to finance the flat, you can apply for HDB temporary loan provided your house has already be exercised by buyer. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,

Current condition:
1) HDB flat fully paid
2) Plan to purchase BTO
3) Plan to use contra as a mean of purchase

How does contra works:
1) Contra payment is only eligible for resale flat purchase.
2) Payment of cash deposit when applying for BTO; $2k for 4-rm & below, $2.5k for 5-rm and bigger still apply. This can be reimburse when signing agreement of lease provided there are sufficient fund in CPF.
3) Contra payment: 50% of cash from sales proceed if there are any has to directly use for the BTO purchase. example: receive cash of $49,999, $24,999 has to go direct to BTO purchase. You may keep $25k.
If cash received is $95k, $25k+ $22.5k = 47.5k (50%) has to use for the BTO purchase.

Hope the above answer to 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.facebook.com/Homesellerbuyer/

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