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Hi Gurus
I have sold off my HDB and still waiting for the first appointment. Can I offer and exercise an OTP for a HDB that I am interested to buy with private bank loan?
I understand that because I am taking private bank loan, I cannot Contra. What are my options?

Thank you.
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3 Answers

Hi, if you require the cpf amount to be deducted for the usage of the 2nd HDB purchase, then It is better to purchase again after the completion date is over.

Regards
Aaron
 97308455 
aaronchong2774@ yahoo.com.sg Read More
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Afternoon,

Since you have sold your current HDB unit and waiting for the first appointment, you will need to consider how much cash component is required for the purchase, since you are taking bank loan. You will also need to know if you have that amount of ready cash at hand, if you opt to purchase the unit prior completion of your sales.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Dear sir/madam,

You are fully entitled to make a decision to purchase now. With an exercised Option To Purchase in your hands for the sale of your unit, you may opt to secure a bridging loan for your purchase should you be short on cash for the upfront payment for your purchase. Of course, you will need to pay a premium for this bridging loan. Do explore further with a banker on this aspect if it is applicable to you.

Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
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