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Hi,

Sure I am happy to assist and clarify more on the financial plan. We can plan for a loan amount so to maintain the monthly mortgage similar to what you are paying now, without any top up.

I have worked with clients in similar scenario and have helped them to smoothly transit. 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
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- 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! Read More

Good morning Sir/ Mdm,

I can work out the figures for you and see whether is it possible for you to upgrade to EM without monthly cash top up. Care to share more info about your unit?

Let me share a bit first:
If your existing loan is a HDB loan, we can do a contra for your sale and purchase if possible. If you decide to use HDB loan for the second time in your EM purchase, you will have to set aside 50% of your sale proceeds and all your CPF OA funds (you can choose to set aside $20k) to reduce your HDB loan.

But if you decide to use bank loan for your EM purchase, it's not necessary to set aside 50% of sales proceeds and all CPF OA funds to reduce the loan. Therefore you might have more cash proceeds on hand but do take note that you will have to fork out minimum 5% cash for the downpayment.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Posted 2021-10-04 15:28:50

Hi there,

Thank you for your query.
As preliminary, it would be apt to sit down and compute a comprehensive financial calculations to establish prudence. Afterwhich, I can propose which options you could consider taking into consideration long term yields. I have handled many complex and high end transactions and specalise in such computations and technicalities. Any advise or computation given here would be brief , and not tailored succinctly for your proposed plans. There are many factors to asses when picking the right development - location? amenities? accessibility? future capital gain %? Rentability?

Let me share with you some transaction caveats and history of sales in the given developments and surrounding developments for you to have a better outlook on the investment scene.
Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline.

Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. Thank You!

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020

ERA ‘2020 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2020
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P Group
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Hi Sir/Mdm,

It is possible to use the profits and CPF refund from your current flat to finance the purchase of the next house. However, I will always recommend my clients to do up a full financial assessment before proceeding with the upgrade. With the assessment done, you will have a good overview of your financial position after the sale and process and also can have a good idea of your monthly commitment (whether the need to top up any cash).

Apart from the finances, it is important to plan the transition timeline properly so that you are able to transit from your current place to your new place with minimal cash outlay and more importantly eliminate the need for an interim place to stay.

I have assisted many of my clients who are in the same situation as you to transit smoothly and seamlessly from one property to another. Please feel free to contact me so that I can understand your situation better and draw up a transition plan for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:
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Testimonial from Satisfied Clients
“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.
Weilun & Benita (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day Read More

Hi,

Congratulations on meeting your 5-year MOP! You're now ready to move onto the next stage!

If you require the sale proceeds from your 4RM flat for your EM purchase, you will need to plan the Timeline carefully, so as to allow the funds sufficient time to be in for your next purchase. Also, I believe you would also wish to avoid the hassle of having to shift house more than once during this transition?

If this is what you're looking for, I suggest you engage a sole agent to manage both your sale and your purchase. The agent will be able to properly manage your Timeline and ensure a smooth transition for you.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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