3 Answers

Helen Goh
Replied
Dear Mrs Lee,

Contra facility is not applicable to purchase of condo, thus it is advisable to sell your EA flat first, as sale proceeds will only be given after the second HDB appointment, which will be about 2.5mths after exercising the OTP of your current house.

Down payment will be required to purchase a condo unit. Do contact me for a non-obligation discussion.

Best Regards,
Helen Goh
Mobile: 98266048 
(Call/ SMS/ Whatsapp)
ERA Realty Network Pte Ltd
CEA License No: R050102Z
Email: helengoh.property@gmail.com Read More
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Mike Lim
Replied
Afternoon Mrs. Lee,

To facilitate the purchase of private property, based on your current situation, you will have to sell first and buy later or have both transaction done concurrently.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Geryl Lim
Replied
Hi Mrs Lee,

Contra facility does not apply for private properties therefore you will need to manage your cash flow properly and should you lack the cash up front for the payment of the condo which you intend to purchase, you may wish to explore further about the bridging loan facility available from the banks after the confirmation of the sale for your current HDB.

I strongly advise you to work out your financial profiling in details, from the sale of your current unit to the loan you are eligible to take up for your intended purchase, as MAS has just introduced a new measure on loan eligibility. Once all these are done and with a clearer picture, I will then advise you on your available options. Let's keep in touch.

Regards,

Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
Dynamic Alliance Group @ www.DAG.com.sg
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