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Hi,

I believe the court has delivered the final judgement? If so, yes you can start to make arrangements for your next flat, starting with the HLE application / or bank loan application. Resale levy only applies if you are buying new EC from developer. The amount depends on your 1st subsidized flat type and when its sold. It will be half of it since your husband has not taken any subsidy. May I know which EC project you are looking at?

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

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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.

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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.

Thanks, Ivan. Keep up the good work! Read More

Hi, yes you could book an EC unit by paying a deposit right away and do not need to wait for the HDB completion to be finished. May I know which EC project that you are keen with ? Hope that I am able to assist you further.

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

Hi,

Bellewoods is fully sold already. How about Northwave or other ECs in sembawang?

Thanks,
Ivan ERA
 97432395  Read More

Dear madam,

May I know the flat type of the subsidised unit you have sold? This will determine the amount of resale levy applicable. As you have mentioned that it is your second time and your husband's first time, you will be subjected to half the levy amount applicable.

There are only very limited brand new ECs left in the market therefore units floor level and orientation may not be ideal. Would you consider resale EC then since it will be a private property and there will be no resale levy involved?

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Regards,

Geryl LIM
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Global Alliance Property (L3010679B) - Century 21
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Hi,

(1) HLE application:
No, you don't have to apply for HLE. Both new & resale EC can only service by bank loan.
You should apply for IPA (In-Principal-Approval) from bank. This is to understand how much loan you can obtain from your current household income.
Even if you wanted to buy a resale EC, you also need to apply for IPA.

(2) Resale levy:
As long as one of the applicant had obtained subsidize from government, you are required to pay resale levy. But since you are the only one received the subsidize thus it is only 50% of resale levl.
The resale levy are dependent on your subsidized flat type as follow:
(a) 3-rm: $30k.
(b) 4-rm: $40k
(c) 5-rm: $45k
(d) EA/EM: $50k

(3) Yes, you may book an EC now rather than waiting for completion.

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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Hi,

Yes you need to pay resale levy, but its only half of the full amount. For example if your 1st subsidized flat is sold after 2006, and is a hdb 4-room, then the full resale levy is 40k. Since its only half, only 20k is payable when you purchase the new EC from developer.

You can consider Brownstone or Signature @ Yishun (recently TOP ECs). All the new ECs with available units have resale levy payable. Bellewoods is fully sold already.

Please get in touch at 97432395  for faster correspondence and latest EC prices and availability.

Thanks
Ivan Read More