1 Answer

Hi LT,

If you are not a buyer who has very specific requirements in terms of the housing you are buying (for example unit number adding up must be certain numbers and etc.) and has allocated a healthy budget for purchase once you have worked out a proper financial planning on your sale and available funds, scenarios like risking being homeless is almost negligible, as experience salespersons like myself and many of my fellow professionals here will be able to assist you avoid.

You'll need to be ready for the downpayment and COV by 1st appointment of your purchase therefore if this is the limitation you are facing, it is more advisable to work on your sale 1st, unless you are opting to utilise the enhance contra facility, which enables you to sell your existing HDB flat and at the same time buy another resale HDB flat using the sale proceeds and the refunded CPF monies. The ECF is jointly implemented by the Central Provident Fund (CPF) Board and the Housing & Development Board (HDB).

With the ECF, the cash outlay and the mortgage loan required will be reduced. Your monthly loan repayment will also be reduced.

However, the CPF refund cannot be used for the payment of stamp and conveyancing fees.

You may wish to read more into these terms and conditions.

I will be able to assist you further in the sale and purchase wherever necessary. Call me for a more detailed discussion.


Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
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