3 Answers

Joshua Koh
Hi Nora,

Had your HDB met the minimum MOP? Buying a unit now and you are subject to the new measure.

Feel free to contact me and i will try to assist you.

Best Regards,
Joshua Koh
ERA Realty Network PTE LTD
CEA Reg No: R044856J
HP: 91827557
EMail: joshuakohyk@gmail.com Read More

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Rahamathullah Hasan Ali Akbar
Hi Ms Nora,

Buying a house is long term commitment. Please may sure to do proper financial calculation before you decide to buy new condo. These are the basic requirement for you to sell and buy the house.

1. Existing HDB unit MOP (minimum occoupation
period of 5 yr fulfilled.

2. Status in singapore whether singaporean or
permanent resident. Permanent residents need
to pay ABSD from 5-7% as per new rule.

3. It is always safer to get in principle
approval from bank before proceeding to
search for property as you will know exactly
quantum of loan you are eligible.

4. For 1m budget you can get 3 bedroom property
I have unit in East point green condo near
nicely renovated asking price is 1m can
close for 950k.

Please let me know so that i do financial calculation for you and ring me for a non obligation discussion. Thanks Read More

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Geryl Lim
Hi Nora,

Pardon me if my assumption is wrong, you will require to sell for your purchase of the 3 room condo? As per what my fellow professional Charles has mentioned, your downpayment should be 50% of which half of this downpayment should be in cash, should your current HDB is still under financing. If this is a concern, you could possibly look into selling your existing HDB first and using the offer secured for your HDB, secure a bridging loan from bank to assist in putting up the offer up front. I can assist in these processes if you require further assistance.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed7772" in Mobile Apps Store or Play Store now!

**Aspiring to be your preferred partner in real estate** Read More

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