Asked by
Hi there,
If I sell my first flat and buy another resale flat using contra. Cash earning from old flat 200k. How much must I put back into the resale flat taking into account the HDB new rules?
0
898 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Afternoon,

The context for contra to take place is that your selling unit and purchase unit are both using HDB loan. Since this is the case, you are required to put 50% of your cash profit into your new unit before HDB will disperse the balance to you as loan.

If you have intention to fully pay up for upcoming purchased, then you will have to use the required amount of CPF, plus cash, to clear the figures.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
0
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 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Thanks

Shalom

Blessings , Regards

Koh Z H - Agt
hp- 8 2 7 9 8 3 2 7
Cea Reg - License Number - R 0 5 7 8 1 0 C
Orangetee - L 3 0 0 9 2 5 0 K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

Welcome owner/Landlord to list through us

Residential , Commercial , Industrial
Room Rental Welcomed too Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions