Asked by Anonymous
Hi, I want know if I can use contra when I am selling my existing flat and buying a resale flat.
475 views
3 Answers
Good Morning,
You can only use contra if you are on hdb loan for the current flat, and will be taking hdb loan again for the next flat. All the CPF utilized + accrued interest for current flat and the CPF OA you currently have will be utilized for the next property.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --
Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.
Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.
Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.
He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.
When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.
Thanks Ivan! :)
-- HDB 5-rm Sellers Mr. & Mrs. Ting --
We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.
He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.
He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.
Thanks, Ivan. Keep up the good work! Read More
You can only use contra if you are on hdb loan for the current flat, and will be taking hdb loan again for the next flat. All the CPF utilized + accrued interest for current flat and the CPF OA you currently have will be utilized for the next property.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --
Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.
Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.
Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.
He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.
When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.
Thanks Ivan! :)
-- HDB 5-rm Sellers Mr. & Mrs. Ting --
We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.
He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.
He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.
Thanks, Ivan. Keep up the good work! Read More
Hi,
You will be able to do contra if your existing flat is fully paid or under HDB loan, and the unit that you're getting your not getting a bank loan. The parties involved in both transactions must also not do contra for you to be eligible.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your partner in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
You will be able to do contra if your existing flat is fully paid or under HDB loan, and the unit that you're getting your not getting a bank loan. The parties involved in both transactions must also not do contra for you to be eligible.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your partner in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Hi,
First of all to answer question, if you are having a loan and it is HDB loan or if you have fully paid up for the loan, then you can use the Enhanced Contra Facility for the sale and purchase of your flat. If you are having a bank loan for your house and it is not full paid then you cannot do contra.
Basically regardless what loan you have and whether can you use the contra facility from HDB, there are still ways to settle the purchase and sale . We have done this for many clients who were in your situation. Only thing is just have to plan the timeline very carefully.
If you do not mind, maybe we can meet up for a chat. No worries there are no obligations at all and we can just take it as a coffee session. We can take this opportunity to answer any doubts that you may have too.
Looking forward to hear from you soon! Cheers!
Best Regards,
Jeffrey Heng
Senior Associate District Director (Sincerus Division)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)
Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)
** Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ **
** Featured in Propertyguru Magazine - https://goo.gl/cioyEu **
** Words From Clients - https://www.sgpropertyadvisers.com/testimonials **
** Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc **
Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com Read More
First of all to answer question, if you are having a loan and it is HDB loan or if you have fully paid up for the loan, then you can use the Enhanced Contra Facility for the sale and purchase of your flat. If you are having a bank loan for your house and it is not full paid then you cannot do contra.
Basically regardless what loan you have and whether can you use the contra facility from HDB, there are still ways to settle the purchase and sale . We have done this for many clients who were in your situation. Only thing is just have to plan the timeline very carefully.
If you do not mind, maybe we can meet up for a chat. No worries there are no obligations at all and we can just take it as a coffee session. We can take this opportunity to answer any doubts that you may have too.
Looking forward to hear from you soon! Cheers!
Best Regards,
Jeffrey Heng
Senior Associate District Director (Sincerus Division)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)
Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)
** Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ **
** Featured in Propertyguru Magazine - https://goo.gl/cioyEu **
** Words From Clients - https://www.sgpropertyadvisers.com/testimonials **
** Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc **
Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com Read More