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I am a HDB upgrader. Targeting a EC project TOP at 2018. My loan is only at 60% + downpayment 20% add up, i am still short for 20% Upon TOP if i cannot sell my HDB on time to offset the 20% what will happen? Can i negotiate with the developer that the remain 20% comes in after I sell my HDB since I need to sell HDB before buying EC?
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2 Answers

Philip Chong
Replied
Hi, is your 20% downpayment full cash, if yes! should not be an issue, do contact me if you want to find out more. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, PropNex Realty Pte Ltd. Hp: 81613790  Email: propnex@me.com Read More
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  • JC
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    Hi, no the 20% is to be from the sales from HDB
Andrew Ngauw
Replied
Hi, it seems like you may not be financially equipped to purchase an EC at this moment. The financial planning that you have stated above is also not accurate to actual procedures. You do not need to sell your HDB before an EC purchase and you certainly will not be able to negotiate with developer for the shortfall 20% payment. May I suggest we have a discussion to fine tune your EC purchase procedures and financials... Thank you and have a pleasant day ahead Andrew Ngauw 8188 8887  andrew.ngauw@gps.com.sg www.sgECsales.com Read More
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