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Hi Roch,

You need to sell and buy concurrently and take a bank loan since you cannot take hdb loan already. Since you need the sale proceeds, selling transaction needs to be complete before the 1st Appt of the buying transaction. However you need to find temporary accommodation in the transition period.

Another way is to take a bridging loan so that both transactions can proceed concurrently. However you need to fork up another sum of money for the bridging loan interest approx 5 to 6%.

Appreciate you can call me at 98628691  to discuss further.

Thanks.
Ander DTZ Read More

Evening Roch,

The common practice is to sell and purchase concurrently. The timing for sales for to be earlier than purchase. It would definitely be ideal if your purchased unit allows early renovation after HDB 1st appointment. Other alternative arrangement can definitely be worked out.

Else, depending on your sales proceed, you can opt for bridging loan, which will allow you to purchase your unit first, even before completion of your sales. However, you need to work out the sums before you leap.

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

Regards
Mike Lim
 96929209 
ERA Read More