Dearest Baby Step~
Allow myself to guide like how i have guided many.
1) If able to buy first, buy first. 5% cash and 15% CPF, provided bank approval for 80% loan. Please note that u would need to observe CPF minimum sum cash of $61,500 if u have been using CPF for your HDB and intends to utilise for this condo purchase too.
However, for your case, since you have the intention to sell your HDB, you can pledge your to sell off your HDB once u bought the condo, and CPF will exempt this Minimum sum cash.
2) By buying first, it will solve your problem of having no house to stay if you choose to sell first.
3) However, if u needs the cash and CPF to buy the condo, then you would needs to sell first. By selling first, then you would need to inform your buyer that you would extended stay in your current HDB after sales completion. And also to highlight to the Condo seller that you need to arrange for early move in even before condo sales completion.
Perhaps if you allow, i can meet your family for a more detailed discussion on your finances. Then at the same time, I can show you how to find condo units for sale using my software. We just need to key in the condo name. You also need to take stamp duty into consideration too.
Would suggest to buy first, as you can take your time to source for a house you love, and generally HDB flats are a sure sell in current market.
Do hope to have your call/email coming in.
Cheers~
Brandon - ERA Marketing Director
HP: 8233.23.23
Email: aw.brandon@gmail.com
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