AskGuru Q&A Community

Hi
You must have 5% cash to book an EC.

You may book an EC but you must sell your HDB within 6 months from date of TOP.

The other question need more clarification from you in order that I may advise appropriately.

You may call 9620 0827  or email gavin.ng@orangetee.com

Gavin Read More

Evening,

Resale EC can only be purchase after MOP have being attained. If you are looking at EC that have yet to TOP, do let me know your budget and preferred sizing so that I can try to match it up for you. In the case that you do not want to utilize cash for the down payment, I'm after you will have to sell your HDB first before proceeding ahead with the purchase. Extension of stay can be agreed but is subjected to mutual agreement.

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

Hi EC Buyer,

I am serving a client who is looking to upgrade to an EC in Woodlands too!

Let me walk you through the whole procedure, financial calculations, timeline and more! As a buyer of an EC, there are no agent fees payable yet you get the professional advice and guidance of an agent.

Look forward to assisting you with your Property Purchase!

Bhavina Kaur
ERA Realty
M: +65 9170 8295  Read More

Hi,

I have worked on a similar case, and I understand your objectives and where you are coming from, but I would advise against selling first as you might miss out on the choice unit that you want for your EC, and yet possibly have to sell away your current HDB. The transition will be quite a stressful process.

Its better to secure the unit that you like first, but the 20% downpayment (minimum 5% cash) and approx 3% stamp duties have to be paid within 8 weeks of booking of unit. We can look at the figures and see how to minimize the upfront costs and how best we can utilize as much sales proceeds from the HDB as possible to fund for the EC side.

It will be great if I can have more info to make better recommendations, in terms of timeline and financials. This requires some detailed planning so you have the overall picture and confidence to make the right move. ECs that are going to TOP or close to TOP will be ForestVille, Bellewoods.

Thanks and look forward to value-add to your housing plans further. Look forward to hear from you.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Sir,

The 5% will need to be in cash. You will also need to cater about 3% of the purchase price for the stamp duty of the new EC you are buying.

For the rest of the payment, you may secure a bank loan or a bridging loan from the bank so as to complete the purchase. I have just assisted a client of mine in the same situation as you to upgrade from their HDB to an Executive Condo.

Please feel free to contact me so that I can provide you with further assistance.

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

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“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)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“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 from Property Avenue 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 Owner
I have helped many clients to upgrade. Lets meet up for a detailed discussion on your place and the financial details and timeline. I m staying in Woodlands, will be able to drop by at a call away.
Tricia Tan propnex
 91442664  Read More

Hi,

Re: Our Preferred SG Professional- ASAP Real Estate Services

You might not always be obtain to any cash proceed, you need to check the HDB page of your CPF usage with interests and the latest median transacted price around your flat. Might be zero cash proceeds if you buy from resale in the past.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.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 | SG Professional l SGRealtor.com & SGAgent.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com a

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com / sgagent.com
Skype: incomecare

Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”

Our SG Professional Services Youtube

Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI

SG Professional with presence that memorable at SGRealtor.com, SGAgent.com and SGAgents.com.

Do what the 99.99% won’t do, PLAN AHEAD TO A SUCCESSFUL TRANSITION INTO REAL ESTATE

Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.

www.HiSingapore.com –Singapore Housing and Commercial Property Guide
www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg

Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More

If i understand you correctly , you do not wish to fork out any cash for the EC purchase until your hdb is sold , in other words you have to sell your hdb before buying a EC .

Please speak to a mortage banker and a mortage banker to check the numerous criterias and your loan eligibility before you sell your hdb .

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

My charges are 1% commission for exclusive selling rights to your property or 2% for open listing .

No commission chargeable when i serve private property buyers .

Joanne_chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

If i understand you correctly , you do not wish to fork out any cash for the EC purchase until your hdb is sold , in other words you have to sell your hdb before buying a EC .

Please speak to a mortage banker and a Property agent to check the numerous criterias and your loan eligibility before you sell your hdb .

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

My charges are 1% commission for exclusive selling rights to your HDB or 2% for open listing .

No commission chargeable when i serve EC buyers .

Joanne_chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More