Asked by Mr. low esmond
what it mean by contra?
1146 views
3 Answers
Good afternoon Esmond,
Contra means that you can sell and buy HDB with the sale proceeds and CPF refunded funds at the same time. But do take note that this can only be done if you used HDB loan for current flat and will be using HDB loan for your purchase as well.
You can read more information about it with the link obtained from HDB website.
http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/enhanced-contra-facility
Hope my sharing is beneficial to you.
May I know how can I continue to value add in your property needs?
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
Contra means that you can sell and buy HDB with the sale proceeds and CPF refunded funds at the same time. But do take note that this can only be done if you used HDB loan for current flat and will be using HDB loan for your purchase as well.
You can read more information about it with the link obtained from HDB website.
http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/enhanced-contra-facility
Hope my sharing is beneficial to you.
May I know how can I continue to value add in your property needs?
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
1
Hi Esmond,
Hdb Contra provides a seamless flow of funds between your sale & purchase transactions, hence you can do both hdb appointments at the same time. Only available for transactions with HDB loans. This will sync the timelines so the cashflow and timelines are better managed and more hassle free. Thanks and may I understand what are your plans and objectives? Hope to assist further.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
Hdb Contra provides a seamless flow of funds between your sale & purchase transactions, hence you can do both hdb appointments at the same time. Only available for transactions with HDB loans. This will sync the timelines so the cashflow and timelines are better managed and more hassle free. Thanks and may I understand what are your plans and objectives? Hope to assist further.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
1
Hi Mr Low,
Contra will allow you to sell your current HDB and buy another HDB at the same time. ie. the completion date for the sale is the same as the completion date for your purchase.
For a contra to be done seamlessly, the timeline for the sale and purchase must be co-ordinated so that you will not be required to find a temporary place to stay. There must only be a single contra party in the whole transaction.
I have handled many contra transactions before, please feel free to contact me at 9644 4854 so that I can understand your situation and offer you the best advice. Thank you.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg
Testimonial from Satisfied Clients (2015)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought through Nick) Read More
Contra will allow you to sell your current HDB and buy another HDB at the same time. ie. the completion date for the sale is the same as the completion date for your purchase.
For a contra to be done seamlessly, the timeline for the sale and purchase must be co-ordinated so that you will not be required to find a temporary place to stay. There must only be a single contra party in the whole transaction.
I have handled many contra transactions before, please feel free to contact me at 9644 4854 so that I can understand your situation and offer you the best advice. Thank you.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg
Testimonial from Satisfied Clients (2015)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought through Nick) Read More