6 Answers

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, you don’t have to pay any ABSD in your case and also don’t need to observe a wait out period of 15 months due to your age. Looking forward to discuss more in detail with you.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi Sir/Mdm

You can only purchase resale HDB 4-room and below. No issue you can purchase the hdb first without ABSD, as it is understood that you have to sign an undertaking to sell the condo within 6 months and will be eligible for ABSD remission. You need not sell away the private first unless you need the sale proceeds to cover the purchase price of the resale HDB.

I have helped clients in similar situation to do the same with a smooth transition, and happy to structure an approach tailored to your needs. I am contactable at 97432395  for further discussion.

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
ERA Diamond Achiever

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Condo Seller, HDB resale buyer Andrew : Ivan understood there's urgency to sell my private property too within the given timeframe, provided me with assurance and solutions. When the sale of my private property commenced, it was during the Covid-19 pandemic period; whereby, only 2 unique visitors were allowed to view the property on any given day. Notwithstanding this, Ivan somehow managed to arrange many viewings in the weeks ahead & from time to time, he would also update me on the viewers' feedback (if any), after their viewings. My place was eventually sold within 5 weeks only from the commencement of its marketing (which was well ahead of the 6 months deadline that I had to meet). Most importantly, my property was sold close to my asking price & frankly, this too, exceeded my expectations!! Kudos to Ivan, for the effort & hard work he put in

Condo Seller, HDB buyer Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More
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If finances allow you to purchase the resale HDB first, you can purchase the resale HDB without paying ABSD. You will be required to dispose your condo within 6 months from taking possession of your resale HDB this case. If you require to work out the timeline involve especially for the flow of funds, feel free to get in touch for discussion.

I have been in the real estate business since 2009, with more than 13 years 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 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 
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Landed Dynamic Alliance
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1
Hi,

When purchasing a HDB, there is no ABSD. Therefore, I would suggest for you to buy first and after that sell your condo so that you are able to transit smoothly from your condo to the HDB without the need for an interim housing solution and also have some time to buffer for renovation.

Feel free to contact me so that I can share with you an overview of both the sale and purchase timeline and also draw up a timeline for your transition.

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 / 2022

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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
1
Hi,

1) Yes, you may do so when buying a 4-rm flat and smaller.
2) There is no ABSD incurred when buying an HDB while owning a private residential property.
3) You are expected to sign an undertaking letter at the completion to promise to sell your shares in the private residential property within 6 months.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
https://www.linkedin.com/in/ckling/

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Hi,
- Due to your age, You can buy a 4RM resale flat without needing to serve the 15 month wait-out period.
- There is no ABSD payable when buying a HDB flat. You may buy a resale HDB 1st while still owning a condo.
- You will need to sell the condo within 6 months from the date you take possession of the resale flat.

For your case, do note that timeline planning is utmost important. This is to ensure a smooth transition between the old & new home to minimise the need of interim accommodation.

For further clarification or queries, please kindly contact me.

Call or text for a non-obligatory consultation discussion to know more.

Best Regards,
John Lai
Senior Associate Manager
PropNex
(M): 8444-0899 
Email: johnlaiproperty@gmail.com

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