6 Answers

Geryl Lim
Executive Maisonette is also considered a HDB therefore you will be required to sell your existing HDB after purchasing the resale EM. You will be eligible to do so once you have fulfilled your MOP for your current flat. Do take note of the balance lease for most Executive Maisonette as most have been buyers lt quite a while back and should the balance lease period falls within certain range, CPF withdrawal and loan limits maybe affected if you require to obtain housing loan and utilise CPF funds.

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Regards,

Geryl LIM
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Joanne Chia 谢诗琳
Good day sir / madam.

Yes you can buy a resale executive mansionette even if your hdb is not fully paid , on the condition that you are willing to sell off your present hdb , latest within 6 months after collecting key to your EM , or in other words you cannot keep your hdb and the EM on a long term basis .

Of course you will be subject to MSR mortage service ratio , basically how much you can borrow will depend on your age and income , lower age and higher income will qualify to borrow more .

Kindly contact me Joanne Chia at my mobile +65 8333 3327 for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents ) .

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Hp +65 8333 3327 Read More

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Ivan Ng
Hi,

Yep as long as your current flat has met the MOP of 5 years, and the finances are comfortable, with detailed planning the upgrade will be possible. 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 Realtor ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

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We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

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Aaron Chong
Hi, have you reach the MOP of your current flat yet?

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

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Robbie Chen Chee Howe
Hi,

As long as you have fulfill the 5-year MOP of your current flat, you will be eligible to purchase another resale HDB from the open market, regardless of size.

It does not matter whether you have existing loan, you will still be able to loan up to a max of 75% of the purchase price/valuation price for your HDB purchase.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More

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Ling CK
Hi,

1) You are not allowed to buy EM for investment purpose.
2) By buying a resale EM, you have to dispose off your current HDB flat within 6 months upon key collection.
3) You have to satisfy MSR requirement to take up a new loan regardless applying for HDB or bank loan.
4) Current outstanding loan will be offset upon disposing your current flat.
5) You may still apply for HDB loan which is up to 90% of the valuation value if this is your 2nd attempt of apply HDB loan.
6) You have to apply for bank loan if you had exceeded twice successful HDB loan application.
7) By getting bank loan, you have to prepare at least 5% cash and 20% by cash and/or CPF.
8) If this is your 2nd HDB loan attempt, you have to note there is a 'right-size' policy involved. Thus you might not have enough cash for the 5%.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
90110636
ling.ck7@gmail.com

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