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Hi Vayne,

The very first thing you need to do is to assess your HLE or get an indication from the bank to see how much you are able to loan. You need all these facts and figures to plan for your next purchase.

3rm HDB in Stirling Road is in the range of around $350k and prior to any commitment, you need to do financial planning.

Regards,
Geryl LIM
Real Estate Consultant
CEA Registration R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Morning,

You will need to work out your sums, ie. CPF OA balance and cash availability. This would determine the course of action. Whether to sell first and buy later or the other way around.
The estimated valuation for your unit is around $320k to $340k, with COV asking of $40k to $70k. This would depend on your unit's facing, condition, size, level and ethnic restriction, if any. As for units in Tiong Bahru, the valuation ranges from $650k to $750k, with COV asking ranging from $50k to $100k.

Do feel free to contact me for further assistance.

Mike Lim
 96929209 
ERA Read More

Hi,

Firstly, you would need to get your financial calculation done. This would include the assessment of your HLE eligibility or the amount of loan you are getting from your bank. The difference between the amount you get from selling your flat and your loan would be close to the amount of cash you would have to prepare for the next purchase.

If situation permits, you can do contra and you have to make sure that everything is planned out properly so as not to face problems like "no shelter over your heads" during the transition phase.

Cheers,

Ken Tan
Huttons Asia Ltd

MORE enquiries?

Check me out at my website ==> www.96461490.com
give me a call at 96461490 
or drop me an email: ken_tankw@yahoo.com.sg Read More

Hi Vayne,

I am very familiar with Queenstown/Tiong Bahru Area as im staying nearby too. Do feel free to contact me for a non-obligatory discussion/financial planning.

Angela Chua
Huttons Asia Pte Ltd
H/P: 9323 3330  Read More

Hi Vayne,

With regards to contra, it will facilitate the transfer of monies from the old property to the new property. If you are not using contra, you can either consider a bridging loan or pay up the differences using other means.

For your case of buying the property first, you have 6 months to sell your current property. You can ignore contra and treat your purchase as a separate case.

note: as replies from ask guru is not reflected in our account, i might miss out some of important questions you might have brought up, kindly drop me a sms or mail so if you have other question which i can help.

Cheeers..

Ken Tan
Huttons Asia Ltd

MORE enquiries?

Check me out at my website ==> www.96461490.com
give me a call at 96461490 
or drop me an email: ken_tankw@yahoo.com.sg Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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