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Home Buying

Asked by Ling 27 Jul 2012

I only have enough cash for COV, can I buy a 2nd hand flat first then I sell away my current flat to pay for the 10% down payment?

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Kelvin Ng · Answer 1 · 2012-07-27T14:53:21+08:00

Kelvin Ng

Replied 27 Jul 2012

Hi Ling,

You cannot own 2 flats at the same time as per HDB regulation. However, we can proceed with a "contra" transaction.

To further assist you in your purchase, do give me a call at 9386-0900 and we will do a clear explaination to help you understand the home buying/ selling process.

Alternatively , you can reach me via my email at kelvin.ngcj@orangtee.com as well.

Thank You Read More

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