Avoid rushed sales, extra moving costs, and cash flow stress with the Contra Payment Facility.
If you’re getting a BTO flat, and selling you current flat, one of the biggest concerns is:
“When should I sell my current flat?”
Sell too early:
Sell too late:
This is where the Contra Payment Facility can help by easing your cash flow while you transition between selling and buying.
The Contra Payment Facility is a scheme that allows you to:
In short, it helps you bridge the timing gap without stress
This facility provides you with an additional loan amount on top of your housing loan, to ease you cash flow in your flat purchase while you are selling your existing flat.
1. The proceeds from the sale of the existing flat can cover the purchase of the new BTO flat.
2. The proceeds from the sale of the existing flat cannot cover the purchase of the new BTO flat.
*You need to top up the additional cash within the period HDB provides.
Here’s a simple timeline showing how the Contra Payment Facility works:
a. Your property agent will submit a request for a Contra Payment Facility along with the resale application.
b. You will be invited to collect the keys to the new BTO flat on or after the date of approval of your resale application.
Without proper planning, you may face:
This is why timing matters - not just the scheme.
With proper planning, you can:
The key is aligning both timelines correctly.
Contra Payment Facility depends on:
You may still need additional cash when the sale proceeds from the existing flat cannot cover the purchase of the new BTO flat.
Many homeowners assume: “As long as I use Contra, everything will work out”
But in reality, success depends on:
The scheme helps but execution determines your outcome
I can help you map out:
So you can:
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