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Hi Gurus! I'm interested in switching from a 4-rm HDB flat to a 3-rm DBSS unit (TOP-2015). However I have a big issue with the 20% (80K) downpayment. Currently I'm still financing my 4-rm flat, so that isn't much funds in my CPF OA. I'm planning to sell my current unit only when the DBSS flat in about to complete in 2015. I'm not sure whether any bank can allow me to loan 80k. Could someone advise me the best to do it.
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1 Answer

Catherine PANG
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If you have a lower cov budget,you should consider units with 'Selling' constraints and limitations. You will have advantage in buying. Engage an agent who can assist and confirm your financial planning. The S&P process needs careful and confident planning in financial and timeline especially with HDB, CPF, bank and lawyer etc.Recently my client bought a condo while 'holding on' to a HDB flat and they need the 'funds' for the condo. Hence, they have to sell their HDB unit. Please check this site www.catherinepang.com Read More
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