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Hi,

May I know regarding this 30k, are you referring to the resale levy? If its buying resale HDB for your next 4 room, this resale levy is not applicable as the resale purchase is not considered subsidized housing.

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
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-- 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 during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!

-- HDB Hougang 4-RM Sellers Mdm. Ng & Jean --

Ivan was the first and only agent that we met before engaging him as our exclusive agent. At the first meeting, Ivan meticulously went through the entire sale process. As we were not familiar with the procedures, he spent extra time to explain what was required from us and what we should expect.

After a week of preparation, Ivan came to take photographs, and once the advertisements were up, we had interested parties coming to view the apartment the very next day. Within a week, we had secured an offer from the buyer. Ivan was reliable and responsive, and he made the entire process smooth and hassle free Read More

Hi,

I believe you mean you will encounter a negative sale if you sell your current 3RM flat? This occurs if the price that you sell, less off the outstanding loan is not able to fully pay back your CPF refund.

In my opinion, you do not have to worry too much on this negative sale. I will be able to assist you in your sale and purchase, to ensure both Timeline and your financials are smooth.

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

Are you referring to the sale of our 3rm itself that needs to topup $30k back to your CPF? If yes, then probably you fall under the Negative Sales case. Will need more details from you before I can advise further on how to help you with the waiver of $30k CPF top up.. Please do contact me for further discussion 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, 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.

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

HI,

I would require more information before i can advice further.

Assuming that the 30k to CPF is to top up upon the sale, this will be considered a negative sale. How does a negative sale occur? It is when the sales proceed is not enough to cover the outstanding loan, CPF and the accrued interest.

However, do you really need to top up the outstanding to CPF in the event of negative sales? Possible not.

I am also curious how did you come to this amount, did you do the calculation via the HDB link? Perhaps we can discuss more and see if there any way to avoid this.

If the assumption is wrong, may i seek your clarification on what is exactly the 30k you referring to?

Looking forward to your reply!

Thanks!

Alan Sng
PropNex Read More

Dear Sir/Mdm,

For your case it is a negative sale. However, if you were to sell the unit at or above valuation then it will not be necessary to top up the 30k to CPF. It will just be a loss on the CPF part.

I have assisted many of my clients who are in the same situation as yourself and none of them need to top up to CPF. Please feel free to contact me so that I can understand your situation better and guide you through the upgrading process as there are other considerations such as the timeline planning and financial planning.

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

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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, 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 Read More

Dear sir/mdm,

I believe you are referring to a situation of negative sale, and I believe you have also gotten the positive information where you need not pay back this $30,000 in the event that your unit is sold at or above valuation. I also believe that you have done a fair amount of research to reach this understanding that you have an estimation of how much your property can be sold.

The key here is to enhance the whole sales process to ensure that your unit will be sold at or above value, and this will involved intimate study on the market situation (study your competitors) and look into how you can outshine your competitors as well as enhance the selling price of your unit to achieve a good price for your place.

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
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Hi

I am assuming you are referring to negative sales cases. No worries on that as CPF will waive off the requirement to top up your CPF provided you sell your flat at the market(valuation ) price and above. I personally have not encountered cases where CPF board asked my client for a top up in a negative sales cases although careful approach needs to be done in this type of transaction. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More