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Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner for your financial matters.

I have been in this industry for many years and am highly experienced and knowledgable with the concurrent selling and purchase of a flat.

I will walk you through the entire process- assisting you all the way from finding the perfect prospect for your home & perfect property for yourself , to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free!

Do visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
dkumar@era.com.sg

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Good morning!

I am currently advising and assisting another client with the same situation as you too, let me help you with this.

Once you known, you must first fulfill the minimum occupation period before you can sell off your HDB in the open market.

You have two options:

1) sell and buy at the same time (request for extension from buyers so you can have more time to renovate your new house and move in before handing over the keys of current house).

You might need a bridging loan too if your finances are not enough to cover the initial outlay.

2) sell first, find a temporary accommodation before you getting a new house.

As for the initial outlay for resale HDB purchase will be:

1) 5% cash downpayment
2) 15% CPF OA/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% ABSD as SPR
5) $3k legal fees
6) misc fees like valuation fee ($200); HDB resale submission ($80); Stamp duty for mortgage etc
7) standard agent commission is 1% of purchase price plus GST

As for sale will be standard 2% of sale price plus GST.

Probably you can let me know more on your situation so I can further advise you on a financial plan.

I will need your CPF utilized in current flat, not utilized CPF OA funds, any outstanding loan and/ or others.

We can discuss further on the commission if you decide to engage me for both sale and purchase transactions.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More

Hi,

Since you have fulfil MOP, you are eligible to sell your hdb. Breakdown of purchase for next hdb as follows:

Cash 5%
CPF 15%
Bank Loan 80%
Stamp Duties (BSD + ABSD) approx 8%
Misc Admin fees for HDB around $300
Legal fees about 3K
Agent fees 1%+GST

For sale of current hdb, its 2%+GST. It is better if you work with one agent who can manage your timelines on both transactions properly so as not to ensure a smooth transition. May I have the opportunity to work with you? If both transactions are done exclusively through my services, we can work out another commission agreement. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Afternoon,

As both of you are SPR, ABSD payable will be 5%. As for stamp duty, it will be 3%. As for commission, it can be discussed between you and me.

Do feel free to contact me for further discussion.

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