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Hi

If you are eligible for contra facility or temporary loan scheme, there is no need to come up with funds first to pay for balance of purchase price in order to collect keys. You can collect key on sale completion for contra or before sale completion for TLS.

However both requires you to have secure a buyer for your flat plus gotten hdb approval for the sale, before either can scheme can come in to help you complete payment. So your key collection will be deferred until then.

I have worked on similar cases and will be able to help you smoothly transit to your next place. Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
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-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him.

-- HDB Executive Maisonette Sellers, Mr & Mrs Yeo --

Before contacting Ivan Ng, our Property Realtor, we were quite apprehensive about our Contra-deal ( concurrent resale & purchase of HDB flats) as at that time the outlook of the resale property market was quite sluggish & pessimistic. But surprisingly our property realtor, Ivan , was able to put us at ease with his professional competence, astute work experience & friendly nature . He was able to consummate our contra-deal within one month of our HDB application. Now we are convinced by his promise that (in Ivan's own words) ... "A contra-deal is where the sale & purchase transactions are done concurrently and completed on the same day. This results in a seamless transition of the funds from your sale proceeds and CPF proceeds towards your purchase price." More importantly Ivan has also managed to clinch a good deal for our contra-deal. We'll certainly recommend him to our kins & friends. Thank you very much, Ivan. We are definitely your satisfied customers! Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, you need not pay anything first in your case.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

If you are eligible for the Contra Facility or the Temporary Loan Scheme (TLS), you won’t need to provide upfront funds to pay the balance of the purchase price in order to collect your keys. For Contra, key collection happens on the same day as the sale completion, while for TLS, it may even happen before the sale is completed.

That said, both schemes require you to first secure a buyer for your existing flat and receive HDB’s approval for the sale. Only then can these schemes be activated to help you complete your new flat’s payment. Until those conditions are met, your key collection will be postponed. Read More

### **1. No Upfront Payment Needed**
- **Contra Facility:** Keys are released *only after* your current flat’s sale completes. Purchase and sale transactions happen simultaneously.
- **Temporary Loan Scheme (TLS):** Keys can be collected *earlier*, but only if HDB grants provisional approval before your existing flat is sold.

### **2. Mandatory Pre-Conditions**
- **Buyer Secured:** You must have a firm buyer for your current flat with an accepted Option to Purchase (OTP).
- **HDB Approval Granted:** The sale must be officially endorsed by HDB before either scheme applies.

### **3. Key Collection Timing**
- **Contra:** Keys issued on sale completion day—no waiting for funds.
- **TLS:** Earlier key access possible, but full payment depends on final sale proceeds.

*"Opportunities don’t happen. You create them."* — Chris Grosser

**Note:** Delays in securing a buyer or HDB approval will postpone key collection. Plan ahead to align timelines.
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