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Hi seller,

Sorry to hear about your plight.

Firstly, there's no MOP for private residential, but there will be Seller's Stamp Duty if you sell it in less than 4 years from purchasing your house.

Secondly, I assume you've only paid $200k so far, so you'd have to sell significantly higher than $700k to have enough cash proceeds to buy a resale HDB without a loan; otherwise it'd be hard to obtain a loan as you have no income.

Feel free to contact me at your convenience, because it very much depends on where's your apartment is as well, and we can carry on from there.

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

Hi,

There is no Minimum Occupation Period for condos, just that if you sell within the 1st 4 years of purchase, Seller's Stamp Duty will apply when you sell.

You can apply for resale HDB right away, but for BTO and DBSS you need to wait out a 30 month period after selling your condo before you can apply.

How much to sell depends on your unit location, project, floor, facing, condition etc. May I know which address are you referring to? Perhaps we can run through some numbers quickly to see if it makes sense for you to sell in this current subdued market. The financial planning must be clear so that the transition is smooth. Thanks and look forward to value-add to your housing plans further.

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

Email: Ivanng10@gmail.com
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Hi, I'm sorry to hear about your plight. Frankly speaking and in my opinion, you may want to hold on to your property till next year as it will be likely back to the seller's market come next year. Because due to the weak market sentiment currently, most buyer is going to negotiate and bargain till such a low offer even if they like your unit. Pls feel free to let me know if you need any assistance.

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

Hi,

To begin, I would like to point out the key essential in the sell-buy process and that is the : Financial Cash Computations and Calculations. It is recommended to have a preliminary discussion with a professional who will work out your financial cash projection, generation of sales proceeds and factor in the likely purchase price so that the process is smoothly facilitated and ensures you a tidy substantial profit. Sometimes, being rookies and unfamiliar with the overwhelming process, a slight wrong decision can lead to a paper loss and even actual loss!

As we are experiencing a market downswing with weak market sentiments, it may take a longer time to sell of your existing unit. However, as long as we embrace the realistic approach, of maximum exposure and setting realistic yet profitable purchase price, we will maximize the timeline. For this, I would need to have a physical look at the unit, study the recent up to date transaction caveats of similar sized units in vicinity and hence, present a sales and elevation report to advise further. Furthermore, a preliminary discussion would allow me to shed some light on my working style and comprehensive marketing strategies to get your unit maximum exposure through the various mediums and more.

In addition, it will be best to understand more on the market insights and caveats of your intended purchase as well as for me to run through the overview procedural framework. Sell-Buy process should be expedited on a step by step basis, to ensure no financial liquidity complication and no wrath of regulations. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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Dear sir/madam,

It should be your last resort to liquidate the property now, since you have only purchased this unit only about 2 years back. You are unlikely to gain from this sale, yet still require to pay at least 8% seller's stamp duty if this is your 3rd year of holding.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com

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Hi,

Re: Our Preferred SG Professional- ASAP Real Estate Services

Recommendation you to hold as you required to pay seller stamp duties and 2 year ago the property price is higher vs present. Worst resort, lease out the property first then move to any sibling house temporary.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
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Hi do contact me at 979700 to offer you possible solutions

Regards
Mark, your RIGHT choice
Shenton Realty Homes Read More

Evening,

For private property, the issue that you might face will be more on SSD. Assuming that you have purchased the unit on 1st May 2014, you will be liable for 8% SSD.
We will need to account for much CPF and cash you have utilize for the purchase, along with SSD payable before I can provide you with the actual figure to sell without making any loses. However, we will need to market the unit at reasonable market pricing should you want to move on accordingly.
After the sales of your private property, you will be eligible to purchase resale HDB unit. The pricing for both 4 and 5 room flat will be based on location, model and sizing, level and age of unit.

Do feel free to contact me for non-obligatory discussion.

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

Hi,
1. If the main concerns is to service the loan of the apartment, then details financial calculation is important. This will include compute the sale proceed, cash and CPF returned from the sale ...etc
2. Immediately after sale, you can purchase resale hdb.
3. To work out he financial plan, need more details of your current property.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More