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Hi, i am planning to buy a flat in the east and while looking at the ads, i see some indicated "can contra" Can i check what does that mean, under what circumstances can contra be used and when it cannot be used.

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1 Answer

YT Tan (陈永达)
Replied
Morning Ms Tan,

it means buyer can sell their current flat and buy that flat at the same time.

This can only be done with buyer obtaining HDB loan for current flat and next flat purchase.

Cant be used with a current HDB loan and bank loan for next purchase or vice versa.

If you are not owning a flat at the moment, you dont have to pay note of the term "contra".

More information on contra can be found on this HDB link:
http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatECF?OpenDocument

Hope it helps!

If you need any assistance in your property needs, I am just a call away.

Hope to hear from you soon!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
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