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Hi Philip,

May I know the size of your unit? It could be a bit early to market since the BTO keys are not ready until 3Q 2018, and any sale done now for the hdb will mean completion around May. Unless you have a temporary place to move to for the interim.

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

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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(Client's Testimonials)

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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi Philip,

In terms of timeline, it seems premature to start the marketing efforts now as the new resale timeline taken effective 1st January has significantly cut down the whole process to an estimated 12 weeks, therefore should you be able to secure a buyer fast, you may need to arrange for interim accommodation for your family after the sale, even if your prospective purchaser agrees for the 3 months extension allowed.

The next consideration you have will be the price. The last 2 transactions of 65sqm unit in your block was done below your target price, and these data are easily available to prospective purchasers. To achieve the $360k, it is still possible, however, this will depend on the physical attributes of your unit, the available competition as well as the demand within the enclave you are in. If these are all in your favour, I do not see any major issue to achieve the price you are targeting.

Feel free to get in touch with me for further discussion and assessment of your unit in order to have a clearer feasibility studies. We are not alerted to any responses here therefore it will be great to hear from you in private.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
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Hi Philip,
Thank you for you're query!
You could aim for marketing starting the 2nd quarter of the year , however, you could proceed with the preliminary financial calculations. I believe you posted a question earlier yesterday and we informed about the newer MOP / less than
60 years lease with the actual price of the unit better ascertained with having a physical look at your unit. I will chart out the recent price transactions of your block of similar sized units and surrounding vicinity to peg your unit price.

I have transacted many units of which I have fetched a Record Price for my residential unit in Bishan, with it being published in the Newspaper (Available on my website). It is all about the marketing technique and networks through which your property will attain mass exposure. Thank you very much !

Visit my website for my recent accolades and testimonials@ www.kumarrai.com.

D Kumar
+65 96659926
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

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Hi Mr Chua,

Buyers are unlikely to want to wait that long to get their flat. Therefore, I will advise you to kick start the marketing efforts only in the middle of the year.

All the CPF and accrued interests that you have utilized for your current flat can be reused for your BTO provided that you are under the age of 55.

I have assisted many clients who are in a similar situation as yourself selling their HDB and moving into a BTO. I will recommend a timeline which you can smoothly transit from your current place to the BTO without the need for an interim place to stay. As for the finances, you can choose to do a contra to ensure the seamless transition of funds. If we want to get a higher price for your unit, we may need to target specific groups of buyers such as enbloc owners.

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

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

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Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“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)

“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) Read More

Hi Philip,

It is good to plan ahead, that why we call it "plan".

Your situation is as follow:
3-rm: 65 sqm
Remaining lease: 58 yrs
Past transaction price in 2017: $348k & $335 both at 04~06 level.
BTO ready in Q3 2018 (Not sure which month yet)

Your questions:
1.
How to calculate sales proceed?
This is too complicated for us to explain through words only. We will also have to show you exactly how it is calculated with all the evidence available, and not just pluck from the air.

2.
Potential buyer to wait till Jul~Aug.
You would have read all the comments from other experts already.
The reasons to delay the marketing are:

(a) With the new HDB resale system, the previous 5~6 months for completion timing has been much efficient.
Now only need to wait for 8 weeks upon resale application approval. All-in-all, should be within 3 months or at most 3 months + 1 week.

(b) 3 months Marketing period is a reasonable time frame. If the marketing strategy is correct right from beginning then should be within 2 months, and could be as early as within a month.

(c) In general, Buyer is usually more eager than Seller. They would want to receive the unit even before the completion. Thus it is not uncommon to receive offer based on early handover for renovation.

3.
What is the realistic selling price?
Past transaction price is readily available to public now, especially this is again emphasize when buyer register intent to buy.
Thus all buyers are aware of the past transaction price, and they will only offer a reasonable price based on the condition, level, facing and gudieline from past transactions.

To provide a price for your unit without looking is really unfair to you since we only have numbers from past transactions.
We can only give a recommended price after we see your unit.

Hope the above answer to your main concerns, but if there are more queries, 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
90110636
ling.ck7@gmail.com

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