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Hi,

Yes you have to sell away your hdb within 6 months after key collection to resale hdb. It can't be a case of no buyers if your pricing is reasonable and unit attributes are decent. What happens is you be serving 2 mortgages concurrently which will be rather taxing as well.

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

Email: Ivanng10@gmail.com
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(Client's Testimonials)

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---

Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.

In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.

He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services Read More

Hi,

You will have to undertake to sell your condo, and should you decide to appeal for extension to sell, provide valid documentations that you're actively marketing it for sales at a reasonable market price.

Should you need any 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

Dear sir/madam,

The term "reasonable price" is very subjective. You may appeal for extension, however, approval for the appeal is on a case to case basis and I don't think it is appropriate to indicate to you that normally HDB will approve the extension.

If you think it is genuinely difficult to liquidate your existing property because there has been no transactions captured within a prolong period of time although there are many units available for sale, perhaps you should make a decision to market your property for sale first and include a short term leaseback option from your buyer in order for you to settle on your HDB purchase.

I have transacted a number of similar cases as above therefore if you wish to look further into the option I have proposed, I will be more than willing to discuss further.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com

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Good evening buyer,

care to share more information about your downgrading?

Usually as long as we can produce evidence and efforts that we are marketing your condo at market price then shouldnt be a problem. I havent hear about any penalties for not being able to sell off condo within 6 months from resale flat purchase completion.

If not alternatively, you might want to consider marketing the condo for sale first before committing to any resale HDB purchase.

Hope my explanation helps!

May I know how can I value add further in your property needs?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

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

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More

Hi Owner. I have done many similar cases before. Lets sit down to understand you concerns and financials before we move on to the selling part. You may reach me via a call/msg at 91442664 

Tricia Tan
 91442664 
http://triciatan.myweb.sg Read More

Good day sir / madam .

You can consider selling your condo and buying a hdb concurrently .

You can negotiate to rent back your condo from the buyer during the interim period , however it will slightly reduce the demand pool as some buyers might be looking for immediate accommodation , however the main point is ALWAYS PRICING .

In any case , it does not do a seller any good to ask for record high prices in a falling market , the timing might not be in the sellers favour.

As for your question , you can appeal but there is no guarantee you will get a favourable answer from the authorities repeatedly .

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 .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More