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Hi,

May I know if the MOP of 5 years have been fulfilled? It depends on the sale price of the 5-room, and the purchase price of the next resale flat as well. If the sale price is much higher than the purchase price, chances are the sale cash proceeds will be a good amount. To calculate exactly, would need more info of the rough location of the property to estimate the sale price, the outstanding home loan, the CPF utilized + accrued interest of all owners, and the next flat likely purchase price.

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

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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-- HDB Choa Chu Kang BTO 4-RM Sellers, 5-RM Purchasers, Zima & Faizal --

Ivan was prompt in replying to my endless queries & concerns. He was very attentive to details and he knows my exact 'taste' during the process of house hunting. I would say that my requirement in getting a flat is quite high because i was looking for a flat located near my parent's as well as the MRT station. It impressed me that he could read my mind well which makes the whole transaction alot easier. I also love the fact that he is calm, not pushy & always ensuring me that there are still sufficient time to look out for other available houses. We are so thankful beyond words for his understanding and patience thoroughout the whole process. We managed to sell our BTO with extension & secure a 5 room flat without COV, located near my parent's and a 3 to 5 mins walk to the MRT station.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood Read More

Dear Sir/Mdm,

For your 5 room BTO flat, it will definitely be a profitable sale. As for after the sale of this BTO and purchase of a 4 room resale, how much cash can you get back, it depends on factors such as:

1. Amount of loan you are eligible for the next flat
2. Amount of CPF in your Ordinary Account
3. Sale Profits from the sale

It is advisable to do up a financial plan first so that you can have a better idea of your situation before we proceed with the downgrade. I have assisted a lot of my clients who are in the same situation to downgrade smoothly and seamlessly with minimal cash outlay and avoid the need for a temporary place to stay during the transition as well as some time for renovation.

Please feel free to contact me so that I can gather more information from you and assist you to draw up the transition plan.

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

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“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.
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“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, res Read More

Good morning Sir/ Mdm,

We might have to sit down to work out numbers first so I will be in a better position to assist and advise you further. When will you be available?

Usually buying a BTO, you definitely will profit. You most likely will still profit if you downgrade to a 4RM flat in the same HDB estate.

But if you are thinking of buying a resale 4RM in a prime area, this could be a different story.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi Sir/Madam

1) Have you fulfill 5 years minimum occupation period (MOP)? If yes then can sell the flat

2) It will be depend on
- CPF , If you used CPF to purchase your current place, when selling you need to return the CPF used plus accrued interest
- Outstanding Loan (if any)

3) Cash proceed will be selling price minus outstanding loan minus CPF return

4) Selling price will be depend on level, facing, condition of unit, etc
Appreciate if you can contact me at (65) 96608508  with details of your unit so I can advise accordingly

5) I will be glad to assist finding the right buyer

6) Yes it is possible to buy another flat if you meet the eligibility:
https://www.hdb.gov.sg/residential/buying-a-flat/resale/eligibility

I will be glad to assist, Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, may I have more information from you pls so as to furnish you with a more accurate cash proceeds.

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

Hi,

Thank you for your query.
You could make a sizeable profit however we would need to sit down and work out the exact figures thoroughly. Any figures given here will not be helpful for you at all. Are you available to connect via zoom for a discussion?

The discussion , not limited to advise and insights, will also allow me to help you understand transaction caveats, historic sales report, available options and map out the market and the steps involved for a purchase. I will go over all the information you need and most important, work out a financial plan with timeline. Thank you.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020

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Hi,

1) The profit or cash from such downgrading varies from case to case.
2) If you are downgrading in the same area and their lease is about the same, the amount might not be substantial, the selling price properly around $100k difference.
3) If you are downgrading from a central area to an outer-urban and the lease has a 10 yrs difference, the selling price might be $200k difference.
4) Regarding the amount of cash received from such exercise would depend on your CPF utilized in your existing flat.

Hope the above answer 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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