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Dear sir/mdm,

Are you referring to bridging loan? Not sure what you are looking out for, perhaps if you may share more details about the situation, we are able to help you better.

Enhanced Contra Facility (ECF) provided by HDB and CPF is to enable a flat owner to sell and buy another resale flat at the same time by using the sale proceeds (cash and CPF) to pay for the purchased flat directly.

Hope the above helps.

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi

Contra facility only applies to resale and not a BTO. From your question, I understand you are looking for a smooth transition to your BTO without having to put up at a temporary place of stay but at the same time want to use the proceeds from your flat sales to finance your next BTO. A temporary loan scheme by HDB is one way of doing so. However I have also assisted various clients in transitioning smoothly from their current flat to the new BTO without needing to put up with a temporary place of stay and at the same time financed part of their new BTO with their sales proceed without needing to take up a temporary loan. This can be done by planning carefully the sales timeline. I am well-versed and experienced in HDB transactions. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R06167B
Contact No: 93375051  Read More