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Morning,

Should you managed to secure a buyer before exercising the OTP for your next property, you do not need to pay ABSD as SC buyer. However, if you do not managed to secure any buyer before exercising your the OTP for your next purchase, 7% ABSD is payable. Do also note that of your current property is still under mortgage, it will also impact your mortgage loan figure and amount of CPF OA that can be used on the next purchase.

Do contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

The key thing will be the financial planning, would you need the sale proceeds of current property to fund the next purchase? The loan attainable without selling yet will also be lower. Ideally, in current market sentiment it will be more advantageous to secure a buyer first before purchasing your next one. It also depends on your plans & requirements. Thanks and hope to value-add to your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi SJ, due to the weak market sentiment, it is advisable to sell off the current unit first before purchasing the next. As it would take a longer time than usual for a good offer to come by. Pls let me know if you need any assistance,

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

Hi Ms Tan,

It would be advisable to market your unit and shop for your next unit at the same time, and decide as it goes. It's a buyer's market now, hence it might be tougher to sell your unit, yet you're on the upper edge when it comes to getting the next, so you can actually strike a balance with ease.

Feel free to contact me at your convenience, and we can continue from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi SJ,

It is all about pricing and opportunity. We always say there is no house that cannot sell if pricing is adjusted. I have done a sale just 2 weeks back where the condo was sold in 3 days with just 1 viewing session conducted. How was that done?

Expectations, strategy and of course skills set is important in setting up a successful sales transactions. Perhaps we can move along this sales and purchase together such that I can iron out any of your concerns along the way to selling your existing property and purchasing your next dream home.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Good morning SJ,

Do you need to unlock funds from your current unit to finance your purchase? If so, you will have to find a qualified buyer first before you commit to the purchase.

Reason being that in this current slow moving resale market, it will take slightly longer to find a buyer. And in this way, it will be on a safer side for you.

In addition, if you choose to purchase a private property first. You might be restricted to the following:

1) unable to take max 80% loan
2) subject to additional buyer's stamp duty of 7% as singaporean
3) unable to utilised CPF OA funds fully. Need to set aside $80.5k in CPF OA + SA first before can use excess in the purchase.

Hope my sharing is beneficial to your property needs.

May I know how can I continue to value add in your property needs?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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