1 Answer

Jonathan Tong 董德祥
Hi Loris,
Gd day.

To use HDB Contra facilities. one must be using HDB loan for both selling and the next buying of flats. Or No loan for the next purchased flat. This seem unlikely for your case.
As you plan to cash out and buy a bigger flat.

You must prepared to sell your HDB 4-rm at good location and shift to Woodlands or sembawang, for a cheaper or older 5-rm flat.

Yes, you can still apply for your 2nd direct purchase new flat (BTO) if you qualify. Chances is not so good as the priority is given the 1st time buyer as announced by our Government recently. (In addition you need to pay a resale levy (S$40,000, base on your existing flat) for your 2nd New HDB flat.

For contra facilities, I suggest you work out your detail financial calculation for both selling and buying before going for your flat hunting. Visit the www.hdb.gov.sg or HDB hub to check it up.

If not get your reliable estate agent, pay them to work for you. Thank you.

Best Regards,
Jonathan@ OrangeTee