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Good morning,

Yes it is a good time to commence the house search and get an indication on the attainable loan IPA now, as it takes time to process as well as to find something suitable. May I know the your existing property is a local or overseas property?

The HDB processing takes approximately 3.5 months from 1st deposit to legal completion ownership transfer. The seller may require extension of up to 3 months hence it could be 6.5 months before you get the key to your unit.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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Buyer Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More

Good morning,

Do seek HDB approval to keep the overseas property BEFORE you purchase a resale HDB.

You can do loan assessment and viewing at the meantime but only commit to a purchase on or after 3 years of SPR status is fulfilled. The process might take up to 4.5 months (3 weeks option period, maybe 30 days resale submission period, 4 to 6 weeks application approval period and 8 weeks completion period) not including any extension up to 3 months.

By the way do take note that you are running a risk that you have to dispose off your overseas property within 6 months from purchase completion date without obtaining hdb approval first. Alternatively will to transfer the property to your parents.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171  (wa.me/6591115171)
Email: yt.tan91115171@gmail.com

Do follow me on:

IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki

To find out what’s the estimated valuation of your existing house, try our SRX property tracker.

You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More

Hi

You may text 9620 0827  for a casual chat. We have helped SPR families with similar circumstances buy HDB Resale.

Warmest regards

Gavin Read More

Good evening,

Sorry to clarify on the comment I replied this morning.

Due to the introduction of 30 Sept 2022's cooling measures,

private property owners (be it in Singapore or overseas) have to dispose off their private property first and observe a waiting period of 15 months before they are eligible to purchase a resale HDB unless they are 55 years old and above. They will be eligible to purchase a resale HDB up to a 4RM flat.

If you guys are 55 and above, my morning comments will apply. If not private housing might be your only option.

https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/flat-and-grant-eligibility/couples-and-families

Extracted from HDB website:
All applicants and occupiers listed in the resale application:

Must not own or have an interest in any local or overseas private residential property; and
Must not have disposed of any private residential property in the last 15 months before the resale application.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171  (wa.me/6591115171)
Email: yt.tan91115171@gmail.com

Do follow me on:

IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki

To find out what’s the estimated valuation of your existing house, try our SRX property tracker.

You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More

Hi,

You mentioned that you already have an existing private property? If so, you are not eligible to purchase a HDB flat.

Based on the latest measures, you will need to dispose off the private property, then wait out a 15 month period before you can purchase a resale HDB flat.

Alternatively, you may wish to consider purchasing another private property instead. Do take note that ABSD may apply.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More