Enhanced Contra Facility
With the Enhanced Contra Facility (ECF), buyers can sell their existing HDB flat and at the same time, purchase another resale HDB flat using the sale proceeds and refunded CPF monies. The refunded CPF monies cannot be used for the payment of stamp duty and conveyancing fees, though. The ECF is jointly implemented by the CPF Board and us.
The ECF helps the buyers to:
- Reduce the cash outlay needed for an HDB resale flat
- Reduce the mortgage loan amount needed and the subsequent monthly repayments