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Dear Owner,

The process will sound very straightforward, however depending on whether any ECF is involved, it may get pretty complicated should you require the funds for selling in order to purchase the next unit.

Please let me know if I may assist you further or if you need further clarifications.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Afternoon,

Selling and buying HDB unit concurrently would require contra facility. This only works if you are taking HDB loan for your upcoming purchase. Hence 50% of your cash profit, if it's more than $50k, must be used for the upcoming purchase. HDB loan amount will be equal to valuation - CPF monies - 50% cash from resales. This loan amount is also dependent on your credit and income status. The handing over and taking over of keys will be on the same day. The whole process will take about 3 to 4 months.
Otherwise, you can have the resales and purchase done simultaneously. Depending on your liquidity, you can sell first and buy later or the other way around. This will allow you to plan the renovation and move-in date as the handing and taking over dates will be different. This process will take about 4 to 6 months.
Whatever the case, to sell and buy concurrently or simultaneously, you must have the sums and timing planned well.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Mr,

base on where is your loan from, basically there is 2 type:

1) Your current loan is from HDB. And you are going to loan again from HDB. In this case, HDB will process a "contra" for you. The process will be straight forward.

2) Your current loan is from bank, and you going to loan from bank again. So precess is a bit complicated. You need to proceed a short term loan from bank call "bridging loan". A few hundred interests will be involved.
I have rich exp in doing both.
Welcome to contact me if you need further assistance or you are interested to appoint me to be the representative agent. Thanks.

Robert Peng 9800 1968 
Robertpeng001@gmail.com
CEA reg No.: R042525J
Huttons Relationship Group Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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