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I intend to sell my 5-rm HDB point block and upgrade to a pte condo around the area. After paying for 5% booking fees, the remainder 15% can be paid either via cash or CPF. However, what is the schedule of payment for the remainder 15%? In other words, is the 15% payable over several payments and how soon must each one be paid? Thanks.
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1 Answer

Brandon Aw ERA
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Hi Y Thing Wong,

The 15% cannot be paid in instalments. And its only 15% provided you have secured a 80% loan amount from the bank. This 15% is required 3weeks before completion

There are other issues which u need to consider. Most impt being, would it be more financially reasonable to sell first or buy first and also whether u have already make arrangements for a place to stay during this transition? Read More
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