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Hi there, yes you're able to do that as long as:

1) You have enough for the 5% Cash Downpayment for your New EC.
2) You have enough for the 15% CPF Downpayment
3) You have enough funds for the stamp duty of 3%

All these you need to have now without even selling your current HDB flat.

Have you also checked your eligibility to buy an EC? Is there a specific EC that you are eyeing?

You can email me at elfi@propnex.com if you need any assistance. Thanks & Regards

Elfi Abdullah
Associate Marketing Director
Propnex Realty Pte Ltd
Mobile: 9180-1903 
Email: elfi@propnex.com
LIKE me on facebook: www.facebook.com/elfiproperty Read More

Dear Sir/Mdm,

If you are purchasing an EC, you will only need to sell your current HDB flat within 6 months' from the TOP of your EC. You will be required to sign on an 'Undertaking' HDB form to declare that you must sell your flat within this time frame.

With regards to the bank loan, it will depend on which payment scheme you are taking up (either Normal Payment Scheme or Deferred Payment Scheme). You can contact me and I can refer you to a few bankers who handle EC cases.

I'm sure I will be able to assist you in your EC purchase as I have been marketing EC projects.

Hope to hear from you soon.

Darren Lim
HP: 91443311 
darrenlim.era@gmail.com Read More