4 Answers

Nick Tan
Hi Thomas,

EC are very attractively priced and if you are eligible to purchase an EC, you should grab the opportunity and upgrade. There is no walk around for this situation but you can consider moving to stay with parents or in laws so as to save on the rental. The hassle of moving will definitely be worthwhile in the long run.

I have assisted quite a number of clients who are in similar situation before. Please feel free to contact me so that I can share with you more and assist you further.

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

I have written a guide on buying Residential Property:

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited 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)

“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)

“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)

“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 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)
Aaron Chong
Hi Thomas,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, there isn’t much option in your case except to camp with your parents or in law’s place for the time being.

Aaron Chong
9730 8455
Mark Ng S W
Hi Thomas, do contact me at 97970200 to discuss more on your situation.

Mark, your RIGHT choice
Ling CK
Hi Mr. Thomas,

1) In order to purchase any property conduct a financial analysis is absolutely necessary.
2) Your mentioning of combined CPF is insufficient really bothers me a lot.
3) To upgrade to EC, they will take into consideration that you have to dispose of your HDB within 6 months upon key collection. Thus bank will support with a 75% loan.
4) Your income will be assessed with MSR to determine how much you are able to get.
5) Let's assume you are able to receive the 75% loan you wish to get, you have to ensure you are able to pay the 25% downpayment.
6) If everything went well as a highlight above, you may apply for deferred payment for EC purchase so that you don't have to service both mortgage loans.

Hope the above answer to your main concerns, but if there are more query, 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

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