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Hi Patrick,

Your sale price less outstanding loan, cpf utilized+accrued interest, resale levy, conveyancing and commission costs, will be your cash proceeds. In this case, you may want to consider setting your sale price higher so to ensure a positive sale and cover the costs. You may also want to consider No Resale Levy EC projects currently still on the market.

The sale price also depends on unit condition, location, floor, facing and comparable valuations around the area currently. Thanks and may I have more details so to make better recommendations? 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

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(Client's Testimonials) Read More

Good afternoon Patrick,

Actually you will breakeven or earn abit at $600k if you take the expenses of a typical HDB sale into consideration.

1) $80 resale applicaton
2) legal fees
3) agent commission (2% of sale price plus 7% GST)

It's just because you take the resale levy of $40k into account.

If you dont want to fork out $40k hard cash to upgrade to a new EC, my recommendation will be to go for those ECs that are not subject to resale levy.

Probably you can share more information about your flat and upgrading plans with me so I will be in a better position to advise and assist you further.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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

Hi Patrick,

It means that you won't get the full CPF sum returned to your OA, and you don't need to fork out cash for your HDB sale; for your EC purchase, you might want to consider units without resale levy if that's your concern.

Feel free to contact me at your convenience, 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

God day Mr Patrick See

You may consider few EC with no resale levy .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to your hdb or 2% for open listing .

No commission chargeable when i serve new EC buyers .

Joanne_chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Evening,

With negative sales, it would first mean that you are not eligible to pocket the option and exercise fee. You will also not have all the CPF funds used on your current unit back into your OA. As for your case, you will likely have around $260k plus return to CPF.

Do feel free to contact me for further discussion.

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

Good evening Patrick,

Yes you can still use refunded CPF OA funds from your sale to fund your EC purchase.

I had managed to assist my EC buyer to delay the payment of 15% CPF payment with interest waiver. For your information this payment must be made within 8 weeks from exercise of sale and purchase agreement.

Probably you can share with me more on your choice of EC project so can I check is it possible for you to book the unit first and request for delay of payments until you sell off your existing HDB.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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

Hi Patrick,

For your situation, it is advisable to purchase an EC that do not require you to pay the resale levy. There are a few projects that you can consider.

Looking at the numbers you provided, it makes no financial sense to go for an EC with a resale levy. Resale levy needs to be paid in cash from your sales proceed. But if you do not have any sales proceed after deducting the loan and CPF, you will need to top up the sales proceed in cash.

Please feel free to contact me so that I can understand your situation better and assist you further.

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

Testimonial from Satisfied Clients (2015/2016)
“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)

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

Hi Patrick
I have done similar cases before. If it is negative sales, means you do not have any cash profit In hand. You might also wish to consider those balance units in EC that has waived off resale levy for buyers.
Feel free to reach me via 91442664  for a detailed discussion.
Tricia Tan 91442664  Read More

Hi Mr Patrick,

Re: Our Preferred SG Professional- Agent.myweb.sg & Agent.irealtor.sg

It common as I have several EC buyers in the past 4 years now selling their HDB without any cash proceed. As the HDB pricing drop and the return unable to breakeven their HDB CPF interests.

You need to pay back in cash for the CPF losses

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.

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