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Hi, i intend to sell my current HDB at Clementi but in doing so, i need to purchase another unit right after selling. So i believe i can do something like a contra am i right to say? What are the steps that i need to take note of when i do contra? Thanks and appreciate for any advise. Mr Wee
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2 Answers

Mike Lim
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Evening Mr. Wee,

Do perform enhanced contra facility, your current unit must be under HDB loan and your upcoming unit's mortgage also need to be under HDB loan. With the new ruling, to get a second HDB loan, you need to fulfill the necessary requirements and 50% of your profit will need to go into your upcoming purchase, along with the CPF monies refund from your sales.
Hence it would be easier for us to disucss it and work the sums out before we proceed any further.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More
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Charlie Sng
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good morning - mr wee

clementi is one of the most sought after estate. well, in order to do contra for your transaction it would be better to meet and explore the avenue available. you may call me at 91058883  @charlie from Remax Read More
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