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Happy to walk you through the process!

It depends on what you mean by $0 cash. If you mean utilizing your sales proceeds and CPF in a manner that you do not have to top up additional cash for your next property, that is a possible scenario that we can work out together :)

There are pros and cons of new launch vs resale condos so it would depend on your priorities, happy to show you some actual options side by side so you can see how the $$ works out if you choose one over the other.

I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions. I can help with the sale of your property, while also supporting on sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more.

Feel free to reach out via my whatsapp or email below. :)

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi, appreciate your sharing. The so call zero cash is coming from your "Profit" of your current sale proceed or CPF OA return from current sale, able to meet up and share the breakdown before allow you to discuss.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Good day to you.

It's essential to recognize that building a new BUC takes time, and you may sign the Sale and Purchase (S&P) agreement even before construction begins. For many who are looking to upgrade, their finances are tied up in their current matrimonial unit.

With that in mind, the straightforward answer to your first question is YES. Aside from the Option and Exercise fee, and any CPF excess after meeting Retirement Sum requirements, the remaining down payment will need to come from your savings.

When purchasing a resale condo, you must first sell your HDB unit before proceeding with the condo purchase to avoid the Additional Buyer’s Stamp Duty (ABSD). Keep in mind that HDB resale transactions typically take around 2.5 to 3 months to complete. Sellers will then receive their cash proceeds and can access their CPF funds within 21 working days.

You can certainly consider a bridging loan to minimize the wait, but the reality is you'll be making payments upfront before you can access the proceeds from your sale.

If you're interested in upgrading, let’s meet up and go over the details together.

Navigating a property transaction can be complex, especially with major life events. As a seasoned property consultant with 15 years of experience, I provide informed guidance on complex property matters.

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For informed guidance along your property journey, you can schedule a free consultation to discuss your specific needs via -
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The $0 cash is a gimmick. It means that you do not need to use any of existing cash you have on hand, but rather your sales proceeds from your current property after it is sold.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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 +65 92787772 
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Hi yes it's possible, do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

hi,

Some agents say this because if you have a fully paid HDB, you may be able to cover:

The condo downpayment (cash/CPF)

Buyer’s Stamp Duty (BSD)

Legal fees, etc.

All using proceeds from selling your HDB + your CPF refund.

However, it’s not always $0 upfront because:

You may need to pay some cash first before your HDB sale completes (timing issue).

BSD/ABSD is payable within 2 weeks of exercising the Option, so you need liquidity.

If we can sit down and go through the details together, I’ll be able to show you whether the plan is truly feasible. Happy to have a non-obligation discussion with you to explore your options.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it is possible and would require careful calculations.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Yes, generally:

1️⃣ For a new launch condo, you usually need to pay the option fee, then progressive payments during the construction period. That means quite a bit of cash upfront before key collection, which could take a few years depending on the project.

2️⃣ For a resale condo, the cash needed is typically lower since you can use CPF and your existing HDB proceeds to cover most of the payment. Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More