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Hi Spencer Lim,

Re: Our Preferred Experienced SG Realtor

Now is the buyer market, it wil be wiser to sell first then using the cash proceed to fiance your next property.

Selling of your HDB will be 2% com with GST, and buying of private property no com occured as it borne by seller.

We can assist you based upon your stated contents and walk you through the entire process with options of the resale HDB.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.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.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
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Hi Mr Spencer, There are both Pros and Cons on either proceeding with your selling or buying first. Each situation is unique and we cater to the needs of different individual by customising the transition plans for them. Judging from the above, you have done a fair amt of homework but there are still some impt considerations such as the loan to value of the second property, ABSD, cash flow and timeline which you will need to add into the equation. Do drop me a call or e mail for a more detailed discussion with no strings attached before you firm up on your housing plans.
Cheers
Rix Jim
Propnex
 9687 1379 
rix.jim@hotmail.com Read More

Hi Mr. Lim,

Thanks for your query. For the exact financial planning breakdown, may I meet up with you to elaborate more? There are pros & cons in either way. In current market, it will be better to secure a buyer first before committing to your next property. But most parties will do both concurrently.

Thanks and hope to understand your plans & requirements further so to better value-add to your housing plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Evening,

Based on today's market, it would be ideal to sell your unit first. For some unit, it might take only weeks to secure a buyer while others might take up to months. Should you opt to purchase first, you can definitely take a bridging loan to cover the funds that's being locked in your CPF and event possible cash profit. However, you will be required to pay for the interest on this financial aid. This might mean that you would be required to sell your unit fast to prevent unwanted financial lose.

Do contact me further for detail discussion.

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

Mr Spencer Lim

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

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

If sell hdb before buying condo , less spare cash is required .

If sell hdb after buying condo , higher cash required , TDSR can only loan max 50% of condo value subject to your age and income , due first property your hdb not fully paid .
ABSD $$ payable upfront although it can be claim back FOR SPORE HOUSEHOLD if hdb is sold latest within 6months after buying condo .
Minimum sum CPF to be set aside or lock because of 2nd property .

In short , better to sell hdb before buying condo

Joanne chia
Hp 8333 3327 
Hp 8333 3327  Read More

Hi,

Perhaps I could illustrate the financial calculations to assist and advise further to explain in detail. Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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Hi Spencer,
With the current market, suggest to sell then buy. The buying process can be kicks in during the processing of the hdb.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good evening Spencer,

Probably you can share more information with me so I will be in a better position to advise you.

To derive sales proceeds, I will require your CPF OA funds utilised plus accrued interest. And to have a much detailed financial plan for your purchase, you might want to share with me how much cash and CPF OA funds you have on hand. So with this, I will be able to advise you whether are you financially capable to buy first or its better to sell first then buy.

But do take note that resale HDB market is pretty soft now, thus it will be better to put up for sale first. Not to worry. As long as your asking price is realistic, you should be able to dispose off at the best price in the shortest time.

1) if you sell first
- able to loan up to 80% (no outstanding loan)
- might have to take up temporary accommodation

2) if you buy first
- can only take up to 50% bank loan (still have outstanding loan)
- pay additional buyer's stamp duty
- usage of CPF OA funds subject to half of minimum sum

If not, you can choose time your sale and purchase into perfection.

Scout for a purchase while existing unit is being marketing for sale.

Once your unit is being exercised by buyers, request for long completion and purchase your private property and request for shortest completion. With this, you probably just need to obtain a bridging loan. But you wont have to opt for temporary accommodation, pay ABSD and still able to obtain 80% bank loan.

As for commission payable, 2% for HDB sale while you dont have to fork out a single cents to your representative for private property purchase. It will be favourable for you to engage a sole agent to represent you in both transactions as he will be able to time your transactions nicely.

Hope my explanation helps!

If you need any assistance or advice in your property needs, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

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

Hi Spencer,

In an ideal scenario, you are able to make plans to commit to a purchase after the buyer for your HDB exercises the Option To Purchase for your place, such that you do not need to cough up the ABSD amount up front, but there are cases where HDB transaction could not complete due to various reasons and such incidents will leave the seller of the property in big shit as they have already purchased a new property. Under such scenario, it will be more appropriate in my opinion to only look into purchasing after the dust is settled for the sale before moving on. We need to also bear in mind the renovations that maybe required for your purchase, therefore HDB has allowed 3 months extension for sellers to stay and sort out their next accommodation if renovation is required using the sales proceeds from the HDB.

You may opt for this option too and look for other short term rental solutions while you doll up the new place.

It is quite challenging to put all these into words therefore I hope you are getting where I am trying to head towards. We are a team of consultants working closely together as a knitted team and have achieved Top 50 Achievers in the first half of 2015 on company level. We strive to be real estate consultants provided value added services to our clients instead of the usual sell, buy and bye.

Get in touch with me for a more detailed discussion perhaps.

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Regards,

Geryl LIM
Real Estate Director
Global Alliance - Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
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Hi Spencer
In current market, it is wiser to sell your hdb first then proceed to place option for your pte property.
Commission for selling of hdb is 2% standard in the market, and negotiable. There is no commission for buying pte property.
I would love to understand more about your concerns so I can walk you through the entire of upgrading your residential needs.
Look forward to hear from you.
Tricia Tan 91442664 
www.triciatan.myweb.sg Read More