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For HDB resale, What does it mean by Seller doing contra?
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Tan Choong Hwee
24 Jul 2021
Investor/Trader at Home
Refer to Enhanced Contra Facility on HDB website:
https://www.hdb.gov.sg/residential/buying-a-fla...
This allows seller to contra his concurrent resale HDB purchase using the sales proceeds and refunded CPF monies from his HDB sales.
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Means seller is buying and selling their HDB at the same time.
So if u r just buying, it doesn't affect u, unless they request for extension from u, the buyer.
But if u r also selling and buying, then u r not able to do contra.