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we can discuss and even those without mop also need to pay 5% cash then come the CPF.

Regards
wilson leong
 96305577  Read More

Hi

You may text 9620 0827  for a casual chat.

Regards

Gavin Read More

Hi,

Yes resale EC that has met the MOP of 5 years is similar in the sense that only 5% cash is required as a minimum, if its your 1st residential property purchase and you have no other home loan. For resale EC of 5 years, only TDSR applies.

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

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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.

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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. Read More

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

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

Good evening Mdm,

Let me breakdown into bits and pieces for your better understanding.

Loan: MSR/ TDSR/ downpayment: cash/ cpf
Be it new or resale EC or private, their payment will be as such if you guys can obtain max 75% loan (based on 60% (TDSR) of your gross income).

- max 75% loan
- 5% cash downpayment
- 20% cpf/ cash downpayment.

As it's a resale EC, it will be TDSR. MSR is applicable for new EC. My own experience is that some banks still offer MSR even though its resale ec within MOP but not to worry, I am able to resolve it.

CPF housing grant/ resale levy

If both of you are first timer and purchasing resale EC within MOP, you will be able to apply for housing grant (subject to HDB approval).

As for resale levy, it will be applicable if you purchase a subsidised flat and you buy another subsidised unit. for instance buy resale ec with housing grant within MOP then you apply for EC/ BTO 30 months after you dispose off the EC first.

Or you will still be eligible for first timer housing grant if you buy resale ec after mop but have to sell it off first and buy resale HDB.

Seller's stamp duty will be applicable if you sell within 3 years from date of purchase tho fyi.

Hope my sharing aids in clearing your doubts.

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

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Dear Mdm,

I have a 3 bedroom EC unit which is within MOP and therefore you can still apply for CPF housing grant if you are buying as a first timer. There is also no resale levy that is payable.

You may refer to this link to view the property.

https://www.propertyguru.com.sg/listing/22280755/for-sale-waterwoods

For the payment, it is the same as buying a private condo with 5% cash, 20% CPF and 75% loan. For EC under MOP, the MSR is 30%, not using TDSR.

Please feel free to contact me so that I can run through with you in details the purchase process.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
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http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

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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) Read More

Hi Sir/Madam

I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi;

Have u considered getting a brand new EC instead as you can get the CPF grant ( assuming your income doesn't exceed the income ceiling for grant) and also the pricing is definitely more attractive than resale EC / EC under MOP as they will be based on the market rate.. Another advantage is you can opt for progressive payment / deferred payment .. Do feel free to contact me for further discussion so I can share with you the pros and cons.. Thanks

Rgds;
Lyna Song
 96238442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com Read More

Hi Mdm,

First of all congrats on your decision!

First of all I realised you mentioned CPF or Bank loan. Basically when we purchase any private properties in Singapore, the only loan we can take is a bank loan. And you can use your CPF to service the bank loan's monthly instalments. So hope that clears some doubt for you.

For bank loan, they can loan up to a max of 75% of the purchase price or valuation whichever is lower. Out of the remaining 25%, 5% needs to be in cash and 20% can be in either cash or CPF. Of course we will also need to factor in stuff like your legal fees and also stamp duty. As for whether are we looking at MSR or TDSR, that will depend on the state of the EC. If the EC has already completed its MOP, then the buyers for the EC will be using TDSR to determine the loan amount. If the EC is still within 5 years MOP, then the buyer will be like buying a brand new EC and will need to adhere to the rules and regulations of buying a brand new EC.

And you are also right that buying an EC that has reached its MOP, the buyers will not be able to use any grants and will not incur any resale levy in the future as well. Right from the start, you mentioned about affordability, which I also feel is one of the most important factors. I always tell my buyers, the best house that you can stay in, is not the house with the best views or the most awesome renovations. The best house that we can stay in, is a house that we have no stress staying in and everyday we can come home being a happy family.

What I will recommend is that maybe we can meet up for a chat together with my partner who is also my wife. We can help you to do a financial calculation so that you will be very informed of how your finances will be like. We will go down to even calculating your monthly instalments and also how much reserve funds you may have after buying your property. With such information at hand, you will know what are the properties you can be offering for. No worries about the meetup as there are no obligations at all. We have met up with many people through this portal and many have became great friends of ours. So we can really take it as a chat and knowing new friends.

I work very closely with my partner and she is also my wife. Over the years, we have always worked with one principle in our mind and that is always having our clients' interests as top priority. This has enabled us to make so many friends regardless of ethnicity and also where they come from. We have also been featured by Council of Estate Agents for Good Client Service and we were also being interviewed by PropertyGuru for being one of the real estate couples who managed to work well and close with each other. Being also a leader of a great team, I was also being interviewed by PropertyGuru in a separate interview. I will also be leaving some of the links below so maybe when you are free, can copy and paste the links to your internet browser and take a look.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
Training Director (Navis Living Group)
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

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Hi
Yes payment terms will be the same which is 5% Cash and 20% CPF. Another 75% can be financed through loan. For bank loan, most banks consider TDSR. However what is most important is for you to get an AIP to determine the loan quantum bank is willing to give. TDSR is just one of the indicator bank use to determine your loan quantum amount. For EC that has not MOP, you can only buy those from developer and not from owner since they are not allowed to sell the EC within the MOP period. You are eligible for up to $30000 grant for new ECs. As for resale levy, do note that it is only applicable if you buy a second subsidised HDB flat. Resale levy does not apply if you buy a resale flat in the future. However the current regulation is that you are not allowed to purchase a HDB BTO within 30 months of disposing an EC. This means the only time resale levy would be applicable is if you sell your EC in the future and waited 30 months before you apply for a BTO. You are right in a sense that just MOP BTO does not attract a resale levy but the 30 months cooling off period still applies before you are eligible to buy a BTO. Do contact me at 93375051  for a free and non obligatory discussions to ensure you make the right choice in purchasing your first home.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Dear Buyer,

For an EC that has not reached MOP, you can get the grant but will face resale levy in the future. If you get an EC that has MOP, you won't be eligible for the grant and won't have resale levy in the future.

My opinion is that if you want to use the grant, it is better to go for a brand new EC so that you enjoy better pricing as well as progressive payment scheme to maximise the benefits of the grant. However if you are ok with not taking the grant, please do go for an EC that has reached MOP.

I have a 4 bedroom EC for Sale which just MOP. It is a 4 bedroom dual key EC in Watercolours.If you don't need 4 bedrooms, you can rent out the studio apartment for a rent of $1500-$1800 for monthly rental income. This makes a very attractive investment. My owner is also selling below valuation.

For more details, you may Call/Text/Whatsapp me at 91708295  . Have a good day!

Bhavina Kaur
ERA Realty Read More

Hi,

ECs that has not met the MOP is subjected to the same requirements as new ECs purchased directly from the Developer. This means that loan will be based on both MSR and TDSR. You will also need to fulfill the eligibility conditions to purchase the EC, i.e income ceiling, 1st or 2nd timer etc. Do take note that resale levy is payable if you had previously owned a subsidised housing. ABSD is not payable, as you would be required to sell off your existing property latest within 6 months of the EC purchase.

For resale ECs that the previous owners had met the 5-year MOP, it will be treated like a normal resale private condo. Only TDSR is used as basis for loan. There is also no income ceiling, and no resale levy payable. However, ABSD is payable if you currently own another residential property.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing 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

Greetings from Ohmyhome!.

We are able to assist you on this matter.

For more information, kindly contact us at 68869009  or WhatsApp us at 97551009  .

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More