Asked by Anonymous
Any charges or fees I need to pay when I see my condo and buy a HDB?
642 views
7 Answers
Hi,
If you have held your condo for more than 4 years, there will not be any seller stamp duty or any capital gains tax. The typical transaction costs will be the legal and agent fees. You also to use the sale price to pay off the outstanding mortgage and to refund the cpf you have utilized for the property.
For the purchase side of HDB, its also the legal, agent fees and hdb admin fees as well. You will also incur buyer's stamp duty of approx 3% of purchase price.
Most importantly, it will be good to do up a detailed financial and timeline planning so to minimize the costs and hassle, and to know what to expect before you commit to anything. It also depends on your finances on hand.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---
Translation from Mandarin:
We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.
We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.
We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.
--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---
Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.
In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.
He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services.
--- HDB Flat Buyers Mr. & Mrs. Lau ---
"As 1st-timer Buyers we had plenty of questions, and were uncertain on how best to proceed. A discussion with Ivan cleared our doubts and our plans could progress quickly. We are comfortable with his working style as he is not pushy, and tries to think from our point of view.
It took us about 8 months & at least 30 viewings to find something ideal, & Ivan was always happy to 'house-hunt' with us, always emphasizing "Don't worry, suit you then buy. Important is that you all buy happy & parents endorse the unit".
Eventually, we got our ideal unit, negotiated below valuation. The financial planning calculations were smooth, breakdown was detailed and schedule of payments illustrated clearly so we know what to expect at each phase.
Every phase of hdb process & timeline was explained in detail & hassle free. If you're looking for an agent who is professional & patient, can give Ivan a call. He values the long-term relationship and looks out for your interests Read More
If you have held your condo for more than 4 years, there will not be any seller stamp duty or any capital gains tax. The typical transaction costs will be the legal and agent fees. You also to use the sale price to pay off the outstanding mortgage and to refund the cpf you have utilized for the property.
For the purchase side of HDB, its also the legal, agent fees and hdb admin fees as well. You will also incur buyer's stamp duty of approx 3% of purchase price.
Most importantly, it will be good to do up a detailed financial and timeline planning so to minimize the costs and hassle, and to know what to expect before you commit to anything. It also depends on your finances on hand.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---
Translation from Mandarin:
We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.
We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.
We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.
--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---
Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.
In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.
He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services.
--- HDB Flat Buyers Mr. & Mrs. Lau ---
"As 1st-timer Buyers we had plenty of questions, and were uncertain on how best to proceed. A discussion with Ivan cleared our doubts and our plans could progress quickly. We are comfortable with his working style as he is not pushy, and tries to think from our point of view.
It took us about 8 months & at least 30 viewings to find something ideal, & Ivan was always happy to 'house-hunt' with us, always emphasizing "Don't worry, suit you then buy. Important is that you all buy happy & parents endorse the unit".
Eventually, we got our ideal unit, negotiated below valuation. The financial planning calculations were smooth, breakdown was detailed and schedule of payments illustrated clearly so we know what to expect at each phase.
Every phase of hdb process & timeline was explained in detail & hassle free. If you're looking for an agent who is professional & patient, can give Ivan a call. He values the long-term relationship and looks out for your interests Read More
Hi,
Yes, there will be an agent fee of 2% for selling and 1% for buying. But importantly is not on this, do you know what is the thing that you need to take note especially when selling and buying get involve at the same time?
Anyway, for any enquiry can just give me a no obligation call at 9853 2365 .
Thanks and Best Regards,
Sim Lenghua
ERA Read More
Yes, there will be an agent fee of 2% for selling and 1% for buying. But importantly is not on this, do you know what is the thing that you need to take note especially when selling and buying get involve at the same time?
Anyway, for any enquiry can just give me a no obligation call at 9853 2365 .
Thanks and Best Regards,
Sim Lenghua
ERA Read More
Hi, if you are selling a condo and buying another HDB unit, then the agent commission will be negotiable. Pls feel free to let me know if you need any assistance.
Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More
Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi,
For selling, legal fee and agent commission. For purchase of hdb, there are a few small fee like valuation,online application, ....etc It will be within 1k. Since you will be selling and buying the agent commission can be discuss. Please drop me an email for me to share the details.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More
For selling, legal fee and agent commission. For purchase of hdb, there are a few small fee like valuation,online application, ....etc It will be within 1k. Since you will be selling and buying the agent commission can be discuss. Please drop me an email for me to share the details.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More
Afternoon,
If you had purchased your condo for more than 4 years, you will only need to pay for the legal fee when you sell.
For purchase of HDB unit, if you are PR, 5% ABSD is payable on top of standard 3% BSD. Not forgetting legal fee.
Other cost will be validation fee, HDB admin fee, insurance fee, tax refund, etc.
Do feel free to contact me for further discussion.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More
If you had purchased your condo for more than 4 years, you will only need to pay for the legal fee when you sell.
For purchase of HDB unit, if you are PR, 5% ABSD is payable on top of standard 3% BSD. Not forgetting legal fee.
Other cost will be validation fee, HDB admin fee, insurance fee, tax refund, etc.
Do feel free to contact me for further discussion.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More
Dear Buyer,
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
Buying HDB 1% commission with 7% GST applicable. Condo buying, no commission is required for buyer for most cases.
Do not reply to this thread as we will not be alerted to any response posted on this thread. Get in touch with me via email or through my mobile.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Singapore Professional Networks “SGProfessional.com”-
I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
Buying HDB 1% commission with 7% GST applicable. Condo buying, no commission is required for buyer for most cases.
Do not reply to this thread as we will not be alerted to any response posted on this thread. Get in touch with me via email or through my mobile.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Singapore Professional Networks “SGProfessional.com”-
I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
good day Sir / madam
Kindly contact me for a no-obligations chat for your property needs .
my charges are 1% commission for exclusive selling rights to your property , or 2% for open listing .
Likewise 1% charge in serving you to buy your hdb too .
Thank you .
Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327 Read More
Kindly contact me for a no-obligations chat for your property needs .
my charges are 1% commission for exclusive selling rights to your property , or 2% for open listing .
Likewise 1% charge in serving you to buy your hdb too .
Thank you .
Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327 Read More