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Hi;

As you are doing selling and buying concurrently, the timeline is pretty tricky, any mistake will render you 'homeless' during the transition. Since you need the CPF funds from the sale of your unit, then you would have to sell first. As soon as your unit is ready, you can start marketing already. But before you kick-start your selling process, you may want to know more first on the process, timeline,payment etc.. I've successfully helped many of my clients to upgrade from their current HDB to private condo.. Please do feel free to contact me for non-obligatory consultation to know more as I'm unable to contact you via here. Thanks

Regards;
Lyna Song
 9623 8442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://r025113i.propnex.net Read More

Hi Do contact me at 97970200  to discuss more on your timeline and process.

Mark, your RIGHT choice
Propnex Read More

Hi,

I would suggest to do both marketing of hdb and search of resale EC unit concurrently. The exercise date of your hdb buyer should be before the exercise date of your resale EC OTP so to avoid the upfront ABSD outlay.

Assuming above happens, for resale EC purchase, typically you will need 5% of purchase price, the bank loan approved and approx 3% for stamp duties within 3 weeks of putting 1st deposit for resale EC unit. Subsequent payments (95%) are typically at resale EC completion. Thus your HDB completion has to be 2 weeks before this resale EC completion.

I typically would request for extension from my HDB buyer so to allow a smooth transition and the client would only need to move once. Ideally this is the rough timeline. Happy to draw out and illustrate for easier visualization.

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 Diamond Achiever

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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- 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 Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat Read More

Hi

You may text 9620 0827  for a casual chat. We can discuss the process and draw the timeline for a better understanding.

Regards

Gavin Read More

Dear sir/mdm,

In a typical scenario like yours, I will always ensure that the financing portion in terms of home loan and cash proceeds are done up before jumping into action. In addition, I will also venture into the prospective listings available for sale in the clients' target project(s) to understand if there is sufficient supply in the market in order to realise the sale and purchase, and if any adjustments towards the finances is required.

For the rest of the process, it will be pretty straightforward. In fact, we can even work on placing a deposit for certain units first while you seek out a potential buyer for your HDB but this of course involve some form of risks. It will definitely be helpful if we can discuss more in depth via in person or through a web conference.

I have been in the real estate business since 2009, with more than 10years 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 Deputy 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 
www.geryllim.com
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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, in your case the timeline is very important and hope to be able to assist you further on this.

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

Hi Sir,

Timeline planning is crucial if you're looking to sell your current flat and purchase another property. You need to ensure that the funds from your sale is ready for your purchase. Also, I believe you will also wish to avoid the hassle of having to shift house more than once while doing the upgrade.

In general, should you require the funds from your sale and do not consider a bridging loan, you will need to complete your sale first, before you complete for your purchase. Extension of stay would also be useful for you, especially if you need to do renovation works for your new place.

The marketing for sale for your current flat can go hand-in-hand together with your search for your purchase. As a resale EC is considered a private property, it does have some flexibility in terms of Option.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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

Hi
To be on the 'safe side', HDB completion should be done 3 weeks before your condo completion. You should be applying for an AIP for banks even before you market your HDB for sale. After AIP is issued which will be valid for 1 year, you can start to market and sell off your HDB. If you do not have an interim place of stay, you need to request an extension on this at a maximum of 3 months. Once your HDB is sold, you can start sourcing for a resale EC unit and apply for a letter of offer for bank loan once you have place an option for the particular unit. However do note that stamp duty need to be paid in cash about 4 weeks after you have place an option to purchase for the resale condo. You may opt to request for a refund from CPF board on the stamp duty portion if you wish to utilised your CPF to pay for the buyer stamp duty. I have experienced assisting clients in transition from HDB to condo and understand there is no 'one size fits all' for these types of transactions. Different profile of sellers or buyers needs to plan different timelines to cater to their individual needs. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Dear Sir/Mdm,

It is important to plan the timeline carefully before embarking on the sale and purchase so that you will have a place to stay while you transit from your existing HDB into the resale EC and more importantly you can minimise your cashflow by using the sales proceeds of your current HDB to finance the purchase.

Apart from the 5% down payment, you WILL ALSO need to standby the stamp duty which is about 3% to be paid first. The balance 20% down payment can be timed using the HDB sales proceeds.

You do not have to secure bank loan first but it will be recommended to find out how much loan you are eligible for before embarking on the upgrade. I have assisted many of my clients who are in the same situation as yourself to upgrade seamlessly and smoothly from a HDB to a private property.

Please feel free to contact me so that I can understand your situation further before drawing up the transition 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:
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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. H Read More

Hi Sir

I will need more information to be able to advise 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 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