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Dear sir/madam,

Suppose you are eligible for maximum housing loan with the bank, you will be able to loan up to 75% where 25% will be your required downpayment. 5% will be in cash whole remaining can be funded via CPF.

Do take note that the figures above do not include any Cash Over Valuation (COV). Do take note as well that there will be stamp duty applicable on top of legal and admin fees involved in the purchase of a resale HDB. On top of that, you will be required to sell your current HDB within 6 months of taking possession of your new purchase flat should you decide to purchase first before selling.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi,
There will be different requirements on downpayment for Hdb loan or bank loan for your next purchase. Assuming you have taken Hdb loan for your current housing, there will be a right sizing requirement involved for your next purchase if you decide to use Hdb loan for the 2nd time. But this may also lower down the loan amounts for you to finance for your next purchase if you are taking loan.
Buying also need to factor in stamping fees , legal fees , conveyancing fees etc..

We may not be able to get notified from your reply here , get in touch with us for a discussion , so you can have better understanding before making your purchase decisions :)
Whatapps/call @ 8788 9441 

Meantime Take care and stay safe .

Regards,
Jerlyn Read More

Hi,

Bank loan (interest rate ~1.3%)
1) 5% cash, 20% CPF, assuming you are eligible for a maximum loan of 75%.
2) Buyer stamp duty = ~3%
3) Legal fees ~= $2k
4) Miscellaneous ~=$1k

HDB loan (interest rate = 2.6%)
1) 10% downpayment (cash and/or CPF, and/or grants), assuming you are eligible for a maximum loan of 90%.
2) Buyer stamp duty = ~3%
3) HDB Legal fees ~= $1.3k
4) Miscellaneous ~=$1.5k
5) 50% of your cash proceed has to be used to pay for your new purchase to reduce the loan amount.
** Miscellaneous is higher in HDB loans because mortgage stamp duty and some minor items are not included in HDB legal fees.

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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Dear Sir/Mdm,

It depends on whether you are taking a HDB loan or a bank loan. For HDB loan, you will be subjected to the right sizing of the loan. That is to say that 50% of your sale proceeds from your current house will need to be used towards your next house before HDB will grant you the remaining amount as loan.

As for bank loan, the cash outlay is higher as 5% will need to be in cash. However, you are able to leverage on the loan and cash out 100% of your profit from the sale of your current house.

You may also want to take note of the Cash Over Valuation (COV) as COV will need to be paid fully in cash. It is recommended that we do up a financial plan based on the sales proceeds of the current house and with the purchase of a resale flat of about 460k, so that you can have a better overview of your finances before you proceed further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients
“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)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (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 i Read More