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Hi,

Yes if you are planning to purchase resale hdb EA, you have to dispose all your existing local and overseas residential property within 6 months after key collection to the resale hdb EA.

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)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- 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 Sir,

Thank you for your query.
You will need to dispose off any property you own within 6 months of collecting keys. To be able to assist more effective, perhaps you could contact me so that I can address all concerns and run you through the exact financial calculations and financial plan for your purchase to ascertain your feasibility. From there , I can narrow down your options and advise which will value add your portfolio. I have held many such cases in my career and will be glad to offer advise and insights as a form of preliminary discussion to expedite your plan. It will also be useful for me to run through transaction caveats of your property and customise and sales and purchase report for your understanding and perusal.

Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

D Kumar
 +65 96659926 
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
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P Group
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Hi Teik Hang,

I am assuming that you are looking for a bigger space based on the plan discussed and yes, you will be required to dispose the foreign property if it is a residential property for this upgrade.

If the interpretation of your intention is wrong, perhaps you may wish to share more in details what you are looking at in order for us to provide more options for your considerations. In today's real estate market, it is all about making an informed decision, therefore leveraging on our experience in the real estate market, there is perhaps options which may not be known to you for your considerations.

Real estate investment has traditionally been 1 of the most popular choice of investment channels in Singapore, due to the geographical location and size of our island nation, on top of sound infrastructure and government policies in place, where not only local Singaporeans are attracted to this investment channel, but also attracting foreign investments.

The investment environment has changed significantly from the early days, given the rising price trend, where many small time investors have been priced out of the market. It is no longer as attractive as it used to be by just investing your funds into a new project these days given the amount of new units available in the pipeline, therefore identifying a right unit with good investment potentials is the significant start to the investment journey.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
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Hi

May I ask where is your overseas property - in Malaysia?

How is your manner of holding the property?

You may write to gavin.ng@orangetee.com to discuss further.

Regards

Gavin Read More

Hi Sir,

You will need to sell off your private property within 6 months from the completion of purchase of your next HDB flat. You may choose to transfer the ownership of the property to your family member as what some of my clients did.

Alternatively, if it is financially comfortable, you may want to consider upgrading to a condo instead as some condos provides better upside potential in the long run. In this way, you will not need to dispose your foreign property.

Upgrading requires meticulous planning in terms of your cash flow and the timeline so that you can transit seamlessly and smoothly from your current place to your new place. I have assisted many of my clients to transit successfully. Please feel free to contact me so that I can understand your situation better and assist you to come up with an upgrading plan!

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
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

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) Read More

Hi Teik Hang,

Yes, you will be required to sell off your private property if you were to purchase another HDB flat.

However, if the overseas property is for own occupancy, or for your family to stay, you may wish to appeal to HDB. Decision is based on a case-by-case basis.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Teik Hang,

First of all let me answer your question. Based on what you have shared, by the regulations you will need to sell off your overseas property after you have purchased the EA. We have managed to help some of our clients to successfully appealed to keep their overseas property but that is really based on a case by case basis. For this we will really need to discuss about it.

As to your plans to upgrade from a 5 room to an EA, it is indeed not a bad move based on the current market atmosphere. Of course every move we take in the real estate market, it involves careful planning, meticulous timeline arrangements and creative financial strategies. Selling and buying a house in today's market is really not like the past where everything is just very simple and straightforward.

What I would suggest is that we can really meet up for a chat. No worries as there are no obligations at all. We can take this opportunity to answer any queries that you may have. There may also be some things that I can share with you personally that may not be too convenient to share over public media like this. Hope you can understand.

A little more about myself. I work together with my partner and we have served many clients over the years. Putting our clients' interests as our top priority have also won us nation wide recognition such as being featured in Council of Estate Agent's newsletter for Good Client Service, being interviewed PropertyGuru and also winning the Best Client Service Award during one of the National Real Estate Progress. We believe that continuing to put our clients' interests first will continue to bring us a long way in this business.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Senior Associate District Director (Sincerus Division)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
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Mobile : +65 9858 1322 
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Web : www.sgpropertyadvisers.com Read More

Good evening Teik hang,

yes you are correct. You will have to dispose off your private property in Malaysia within 6 months from purchase completion date.

Care to share more about your Malaysian property? What's the purpose for?

You might want to appeal with HDB on the waiver but it's based on a case by case basis.

By the way, care to share why do you have the intention to move to an EA from a 5RM?

Growing family size? Change of location?

If you wish to hold on to private property in Malaysia, you might want to consider to upgrade to private property instead.

Hope my sharing aids in clearing your doubts.

May I know how can I value add further in your property needs?

"Your Freehold Ally, Leasehold Tactician"

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

(M): +65 9111 5171 
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