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Dilemma of my 5 room hdb flat

5 Room & above HDB for Sales. Owners & agent welcome to advertise
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milfinity
Posts: 1
Joined: Mon Feb 18, 2019 5:49 am

Dilemma of my 5 room hdb flat

Post by milfinity » Mon Feb 18, 2019 6:59 am

Hi all, I have a 5 room HDB flat to sell and downgrading to a 3 room flat. So should I sell first or buy first? If I sell first, where am I going to stay. If i buy, could I use the selling proceeds to pay later on?

lilian
Posts: 3
Joined: Thu Feb 07, 2019 7:49 am

Re: Dilemma of my 5 room hdb flat

Post by lilian » Wed Feb 20, 2019 12:50 am

Always sell first before buying. And you cannot buy first and sell later. Cause technically, you are only allowed to hold 1 hdb at any one time. Exception for BTO, they do allow you grace period up to 6 month to sell your resale.

lydia
Posts: 3
Joined: Thu Feb 07, 2019 7:51 am

Re: Dilemma of my 5 room hdb flat

Post by lydia » Mon Feb 25, 2019 3:37 am

Just realise, if i want to sell my 5 room at serangoon north, i am looking at 60-100k losses :shock: .Anybody is stuck in similiar dilemna?

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