5 Answers

Ivan Ng
Hi,

You can start the house search probably 2 months later, as you can only sign on the OTP this july, and it takes about 4 months to complete the whole HDB process till completion, hence you can get the house latest by Nov.

For a 600K HDB, for SPRs they are liable for 5% ABSD, hence you need to prepare around 174K (cash+CPF) for downpayment+stamp duties+conveyancing and agency fees, assuming you can take a 80% bank loan.

Thanks and hope to assist with your purchase plans further.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395
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Ng Teck Chuan
Hi buyer,

The earliest you can submit your resale checklist would be July, earliest completion is at least 4-5 months, which would be probably be November/December.

For a $600k house, you'd at least need 5% cash and 15% cpf for the downpayment, 3% for BSD + legal fees, 5% ABSD, hdb valuation $200, resale application $80. You should also have some spare cash for COV/renovations just in case.

Feel free to contact me at your convenience for more details.

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

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Tricia Tan 陈丽子
Hi you can only place an option after ypu have both meet the minimum 3 years. Hdb appt will still require at least 3 months to 3.5months. I would be pleased to go through the financial and timeline with you and assist you through the entire process.
You may reach me via 91442664 for a detail discussion.
Tricia Tan
Propnex
91442664 Read More

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Nick Tan
Hi Sir/Mdm,

You may only purchase the flat in July when you met the 3 years PRship. The whole transaction process will typically takes about 3-4 months to complete. This is the break down of the cost involved

$600,000 Flat
Cash
a. 5% of Valuation - $30,000
b. HDB Admin Fee - $80
c. Valuation Report - $200
d. Agent Commission - $6000
Total: $36,280

CPF
a. 15% of valuation - $90,000
b. Legal Fees of $2500 to $3000
c. Normal Stamp Duty – $$12,600
d. Additional Buyer Stamp Duty - $30,000
Total: $135,600

Please feel you to contact me so that I can understand your needs and provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
(W) www.nick-tan.com / www.propertyavenue.com.sg

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“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

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Gavin Ng
Hi

I have read the answers from my fellow real estate salesperson and it would be about the same if I answer to the queries.

Let me add value by saying that you may want to start your viewings about 2 weeks before you reach July. Any earlier will not contribute productively in your efforts as I had past experiences with SPR/SPR clients.

You may call 9620 0827 for a chat and I can share the experiences and explain further the timeline or you may email to gavin.ng@orangtee.com

Gavin Read More

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