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Hi, I would like to use bridging loan to buy resale HDB, may I know if bridging loan covers the 5% cash downpayment?

And also if I buy resale hdb before selling current hdb (maybe weeks later), do I need to pay any ABSD upfront?
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1 Answer

Kay Cloud
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There are a number of timelines to take note of because of tax, cashflow and policy if you are selling a HDB and moving into another HDB. If you do it wrong, it either won't be approved by HDB or you may end up with insufficient funds to complete the purchase.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. Feel free to message me via my contact below, I can help you coordinate everything.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
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