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Is it true that if one were to upgrade from HDB to private property, banks were unable to provide bridging loan? I have spoke to SCB and they advised that they are unable to provide any bridging loan if its from HDB to private, as this is a MAS rule. Any advice?
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2 Answers

Jonathan Pan
Replied
Hi. This is not true.
Some banks can provide the bridging loan. But the condition is: you can only apply for the bridging loan AFTER you have sold your flat. Read More
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Catherine PANG
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The S&P process needs careful and confident planning in financial, timeline and

checklist especially HDB, CPF, bank and lawyer etc. Recently my client

'suddently' bought a dream condo while 'holding on' to a HDB flat. They needed

the extra 'funds' for the condo. Hence, after a series of planning, discussion and

deliberation, they finally decided to sell their HDB unit. Engage an agent if you

expect a consistent S&P process. The stress relief effort is enormous and the

commission is insignificant. Check this site: www.catherinepang.com Read More
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