11 Answers

Ivan Ng
Good afternoon,

Unfortunately no, SPR households have to sell away their hdb once they upgrade to private property. They cannot keep both hdb and private property at the same time, unless there is one Singaporean citizen.

For SPR households, it is better to sell away the hdb first before buying the private property. Reason being you can't qualify for ABSD refund since only Singaporean citizen married couple purchasing matrimonial property will be eligible. Do note that once the hdb is sold, though you will be considered to have zero residential property count, there is still a ABSD 5% for SPR 1st property purchase.

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 Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

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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. 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.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.

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

We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. 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. Thanks Ivan! :)

-- Sellers of Exec Maisonette Gaffoor & Isha --

Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.

-- HDB BTO 4rm Sellers at Sengkang, Jonathan & Abigail --

By faith, we signed the contract with Ivan and in less than two weeks time, we opened our house for the first and the only viewing, days later the OTP was signed! Thank you for all your excellent diligent services and all the professional advise!

-- HDB upgraders to New EC owners Mr. & Mrs. Goh --

My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More

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Nick Tan
Dear Sir/Mdm,

Unfortunately for SPR, you are required to sell your HDB if you purchase a private condo. For your case, you will not be eligible for an ABSD refund or exemption.

Therefore it is important to time the purchase and the sale such that you do not need to incur any ABSD and also to be able to use the sale proceeds from your HDB to finance the purchase of the condo.

I have assisted many of my clients to upgrade smoothly and seamlessly from their HDB to a condo. Please feel free to contact me so that I can understand your situation better and draw up a timeline for you.

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

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 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) Read More

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Aaron Chong
Hi, in your case there is no ABSD involve as you can’t hold on to the HDB flat when you purchase a private property, and it only apply to the next private property which the ABSD will be at 5%.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More

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Gavin Ng
HI

Attached is a link for your reference. https://tinyurl.com/y39sn9gp
You may text 9620 0827.

Gavin Read More

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Silvia Yang
Hi Sir/Madam

I will be glad to assist you

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

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Thea Hoi Shu Min
Dear client

Good day to you! I would be more than happy to assist you in your house process. I have a system whereby i can churn out a report based on your requirements. Please allow me to assist you by sending a detailed report on the available listings that is currently on the market that suit your requirements. I will also explain to you on the current property market outlook in order for you to understand why many people are taking action in today's market and the criterias when buying a private property with great potential up side.

Feel free to give me a call at 81255537 or email me anytime. Hope to hear from you soon!

Warmest Regards
Thea
81255537
thea@theahoi.com Read More

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Mark Ng S W
Hi Do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex Read More

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Joanne Chia 谢诗琳
Good day sir / madam .

If you want to buy a private property , you can sell your hdb concurrently while you prepare to buy a private property .

The ABSD is 5% , this is the minimum ABSD and unavoidable if you are not a citizen.

I am NOT able to contact you directly as i do NOT have your contact.

Kindly contact me Joanne Chia at my handphone +65 8333 3327 for a no obligations chat for your property needs.

Commission rates are negotiable , market rate is about 2% plus minus .

My rates are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents ) .

No commission chargeable when I serve private property buyers .

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Handphone +65 8333 3327 Read More

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Mani Subramanian Veeramani
Hi

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Robbie Chen Chee Howe
Hi,

As an SPR, you cannot hold onto the HDB flat if you purchase a condo. You will be required to sell off the HDB latest within 6 months from your condo purchase. You can only hold onto the HDB if you or your spouse is a Singapore Citizen.

If you purchase a condo before selling your HDB flat, ABSD payable is 15%, and this amount is non-refundable.

I would advise you to sell off your HDB flat first before you commit to your condo purchase. This way, your ABSD is only 5%.

If you're concerned about the Timeline and the hassle of having to shift house more than once, I will be able to assist you on this, as I have helped many happy clients enjoy a smooth transitions to their new place.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your upgrading plans. Please get in touch with me for a more in-depth discussion on how you can have maximum savings from the upgrade.

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

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Ling CK
Hi,

1) You couldn't have purchase a HDB alone. You didn't mentioned your spouse residence status.
If your spouse is a Singapore Citizen, you are allow to keep existing HDB after the purchase.
If your spouse is a SPR, then, unfortunately, you are not eligible to hold on to the HDB after the purchase.

2) You are given 6 months to dispose off your HDB.

3) This is a good question.
(a) If you purchase before disposing off your HDB, you are liable to ABSD. And you are not entitled to remission.
(b) You have to dispose off your HDB first before making any purchase commitment. At the least, you have to produce a exercised OTP when you sign a S&P so as not to incur ABSD.

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
https://www.facebook.com/Homesellerbuyer

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