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Hi, i have a 5 rm hdb flat and i wished to upgrade to EC which top 2016. How should i go abt doing it. Sell flat ist or wat.?

Posted by Tommy on Sep 5, 2012 in Home Buying | 469 Views

Latest Answers by Real Estate Professionals (8 Answers)

Geryl Lim
APHO.47613297.V60B
CLOGO.36346274.V60
Contact Agentorangearrow
Answer Posted on Sep 6, 2012
Hi Tommy,

There are various ways to go about doing it. Do you have enough fundings to hold your HDB while you commit to an EC under construction? Next consideration is if you are eligible to purchase a brand new EC given the current income ceiling?


Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg
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Clarence Chee
APHO.24060061.V60B
CLOGO.80.V60
Contact Agentorangearrow
Answer Posted on Sep 7, 2012
Hi, U can upgrade to EC if u meet the MOP and financially sound credit standings. Call me if u need help on the upgrading. BTW, WaterBay launch coming up this month expected TOP 2018 March.

Clarence Chee
ERA
HP : 94560652
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Gloria Lim
APHO.16830920.V60B
CLOGO.80.V60
Contact Agentorangearrow
Answer Posted on Sep 7, 2012
Hi Tommy. Waterbay EC @ Punggol will be launching soon and it is est TOP 2016. This project is under ERA. Please call me and we can discuss in details on your upgrade from 5 room to EC. Hope to hear from you soon. Gloria ERA HP# 9723 6486.
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Wee-Ling Chew
APHO.20117762.V60B
CLOGO.19086410.V60
Contact Agentorangearrow
Answer Posted on Sep 6, 2012
Hi Tommy,

Assuming you have fulfilled your HDB MOP & are eligible to apply for an EC, and you have sufficient funds for the 5+15% downpayment for the EC, you only need to sell your HDB flat within 6 months after the EC TOPs (under normal progressive payment), or 2 months before collection of your EC keys (under deferred payment scheme for 80% loan).

I am marketing the upcoming EC at Punggol Central, minutes' walk to Punggol MRT, which is launching in mid-Oct. Pls contact me so I can share more with you :)

Regards,
Wee-Ling
9851-5470
weeling.chew@gmail.com
SLP Realty
www.sgnortheast-newlaunch.com
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Primus Yuan
APHO.38343893.V60B
CLOGO.6489401.V60
Contact Agentorangearrow
Answer Posted on Sep 6, 2012
Hi Tommy

Good day to you.

Quick check

1) Eligibility check
a) Ensure you can sell and buy under the HDB policies

2) Financial planning:
a) How much will I get after I sell?
b) How much do I need to pay if I buy?

3) Timing:
a) Sell 1st then buy or buy 1st then sell?
b) Is this the right time to sell?
c) Is this the right time to buy?

4) Selection of property
a) Which EC suits your needs

5) Transaction process

Give me a call and we can discuss in details. Currently, I am marketing a few EC project: Austville Residences@Sengkang, Heron Bay@Upper Serangoon and OneCanberra@Yishun

Cheers,
Primus Yuan
Mobile: 96691268
CEA Reg No:R009690G
www.Singaporehome.sg
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RENE WANG
APHO.23212340.V60B
CLOGO.6489401.V60
Contact Agentorangearrow
Answer Posted on Sep 6, 2012
Hi Tommy

Please call me for discussion on the eligibility and preference.

Thanks
Rene
96206294
CEA no.: R045604J
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Jess Min Yeo
APHO.18047224.V60B
CLOGO.80.V60
Contact Agentorangearrow
Answer Posted on Sep 6, 2012
Hi Tommy,

If you have sufficient for your downpayment of 20% + stamp duty, there is no need for you to sell your HDB. You may sell it when you collect your keys for the EC.

I am marketing a few ECs at Tampines, Pasir Ris, Punggol, Sengkang and Woodlands.

If you wish to find out exactly how much you need for the downpayment and stamp duty as well as get more information about these ECs, do feel free to contact me :)

Regards,
Jess Min Yeo
ERA
Hp: 9848 7879
CEA Reg No. R044247C
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Catherine PANG
APHO.28341959.V60B
CLOGO.31051190.V60
Contact Agentorangearrow
Answer Posted on Sep 6, 2012
discuss.. check this site www.catherinepang.com
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