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i'm looking to buy a condo and concern about the 5% + 15% downpayment. as most condos take 2-3 years to build and i need to sell off my current hdb to pay for the downpayment. is there any way to defer the payment without selling my hdb upfront ?
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1 Answer

Ivan Ng
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Hi Mr. Royce,

Unfortunately, the 5% + 15% downpayment is a requirement all buyers have to fulfil. Without this, it is difficult for the financial institution to disburse any form of housing loan. Will you be open to resale property? From experience, what a client in a similar situation has done was to sell his HDB first, rent interim housing, while concluding his purchase for the resale private property. If the timelines are managed carefully, the risk will be minimized. Are you open to this concept? May I speak to you to share with you more? Thanks and hope to have the opportunity to understand your requirements further to better value-add to your plans.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com Read More
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