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Good afternoon,

Care to share when's your MOP date and your plans?

I assume you wish to use the sales proceeds of your DBSS and finances on hand to upgrade to a private property.

If you dont need the sales proceeds, you can buy private first then sell your DBSS. By doing this, you will be subject to ABSD and eligible for 50% bank loan if you still have outstanding loan. ABSD will be refunded if you are eligible.

If you need, you can either take your time to sell first, find a temporary accommodation and take your time to source for an ideal home.

If not, you can do both at the same time but you must time both transactions nicely.

Probably you can share more with me so I am in a position to advise you further.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
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Hi,

With current market sentiment, ideally we should try to secure a buyer first before looking to purchase. However, you can also do both sale & purchase concurrently, and I will be able to manage the timelines professionally and illustrate to you the full financial breakdown so you have a hassle free transition. May I know when is your MOP date and your requirements? Thanks and hope to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude
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Hi, due to the weak market sentiment, it is better to sell first by securing a buyer for your unit, then follow by scouting for your next property. Pls feel free to let me know if you need any assistance.

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

Dear upgrader,

In order to keep the cash flow position healthy, I will usually advise my clients to sell before committing to a purchase given that Additional Buyer's Stamp Duty is quite hefty even if you maybe eligible to claim it back later.

In addition to that, you are only able to commit to a purchase upon meeting the MOP of your current property.

It is perhaps wise to speak to a qualified banker to work out your finances and cash flow and commitments before making the next move if you have not done so.

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Regards,

Geryl LIM
Real Estate Director
Global Alliance - Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Evening,

It would be good to post your unit for sales first and understand the demand for your unit before starting to look at unit for purchase. DBSS is also subjected to ethnic ration restriction which can be a issue for some sellers.

Do contact me further should you require additional assistance.

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

Hi,
Suggest to sell then buy. I will be able to manage the time for the transactions without any gap for accommodation.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More