Hi Clara,
You are eligible to purchase a resale HDB after selling your private condo or even before you sell your existing place. In the latter scenario, you will then be required to sell your existing condo within a window period of 6 months from taking possession of your HDB.
You will only be eligible to take up a bank loan for your resale HDB purchase. Perhaps it is a good time to look into the financing aspect such that cashflow of the sale and purchase will not have a big impact on your transition.
Under normal circumstances, I will usually advise clients to proceed with the sale of their existing units first since the supply line in market for purchasing is usually higher, unless you have very niche requirements.
Perhaps we should sit down and discuss further on how we can work things out and move forward.
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Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
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