facebookFor HDB resale, What does it mean by Seller doing contra? - Seedly

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Gabriel Tham

Tag Team Member at Kenichi Tag Team

24 Jul 2021

Property

For HDB resale, What does it mean by Seller doing contra?

For HDB resale, What does it mean by Seller doing contra?

Discussion (2)

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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.

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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