Asked by
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.
0
633 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 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
0
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
0
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
https://www.facebook.com/propertyblogshop
https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e

M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!

**Aspiring to be your preferred partner in real estate**

ARE YOU FREE on 10th or 11th May?? The original one landed homes sales exhibition is back! Featuring an estimated more thann 200 landed homes for sale islandwide,we had many successes in matching buyers to units over the
past few events held. Register your interest to attend this private and exclusive event today through email or SMS.

The Bridge - Cambodia
An emerging market with economic boom for the past few years, be the first movers to invest in Phnom Penh, Cambodia. Oxley Holdings, 1 of the joint developers first Cambodian project, where more than 300 units were sold
during the first week of sale in Cambodia. Attractive rental guarantee with low quantum price, a match made in heaven for investors with US$150k up and no intentions to loan for investment. Contact us to find out MORE! Read More
0
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Blessed , Regards

Koh.Z.H - Agt
hp- 8 2 7 9 8 3 2 7
Cea Reg - R 0 5 7 8 1 0 C
Orangetee - L3009250K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

http://www.propertyguru.com.sg/agent/mr-koh-z-h-481485/koh-z-h

Welcome owner/Landlord to list through us

Residential , Commercial , Industrial
Room Rental Welcomed too Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions