3 Answers

YT Tan (陈永达)
Good evening buyer,

Care to share more information with me so I will be in a better position to advise you.

sale: hdb or private?
purchase: hdb or private?

Secondly do you need the funds from the sale to finance your purchase?

Do get in touch with me asap so we can come out with a conclusion based on your situation especially your buyer had already exercised option.

Hear from you soon!

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YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Nick Tan
Dear Sir/Mdm,

Is it possible to time the purchase such that the completion of your purchase is earlier than the completion of your sale.

May I know what is the type of property that you sold, is it a HDB or a private property? With these information, I will be able to map out the time line which can fir your requirements.

For the financing portion, if you are able to secure the loan for the next property it will be easier to arrange without the need of a bridging loan.

I have assisted clients who are in a similar situation as yourself and have managed to plan the timeline such that their purchase is completed before the sale.

Please feel free to contact me so that I can gather more information from you before I can assist you further!

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
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Mr & Mrs Tan (Seller of Inter-Terrace House)
Geryl Lim
Dear sir/madam,

If you sold a HDB and you are going to purchase another HDB, where the resale application has been submitted to HDB pending first appointment, it will be very unlikely to have the completion of your purchase before the sale, as there is generally a queue system in place for HDB appointments to take place.

If you have sold a private and you are going to purchase a HDB or private, it will depend on the terms and conditions you have set forth with the purchaser of your condo. There could be possibility to complete the purchase transaction before the sale.

Do take note that in order for the purchase to complete prior to sale, you must not need the funds from the sales proceeds to finance the purchase up front.

If you are still unsure about the procedures, I would highly encourage you to seek professional help in getting these transactions done for a nominal professional fees.

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Geryl LIM
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