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I'm eyeing a condo in the central area of Singapore, and selling my current Lakeside MRT HDB 4A corner unit flat. Can anyone advise me if I can do a contra sales? How long would such a typical sales take? Thanks for all advises.
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1 Answer

Johnny Goh Mui Huat
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Hi Nicholas,

You can’t do contra if you are selling HDB and buying private condo. However, you have the option of getting a bridging loan from the bank. However, you will be required to come out cash for the 5% downpayment and stamp duty.

Currently, HDB transaction takes about 3 months and private condo more flexible and probably 2 months. You may need to consider the timeline as well so that you will not end up renting a place to stay for a few months.

Hope I had answered all your questions.

Feel free to contact me should you need any further assistance.

Thanks and Regards
Goh Mui Huat (Johnny)
Group Director
CEA Regn No. R018297H
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg Read More
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