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Hi,

Its possible to loan 80% and buy first, I be glad to share more on how to do so and the best approach for the financial plan and timeline. However, in current subdued market it might be better to do both concurrently since it will take some time to secure a buyer. It will be ideal if I can hear more about your plans to advise the best approach.

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
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- 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! :) Read More

Hi Sir

You can sell and buy at the same time..
If you want loan to be 80%, better to sell first and then once buyer exercised then look for resale HDB..

Let me know if you need further assistance.

Thanks.
Call Raymond Lim @ 91388805  or
Email: raymondshaq@Hotmail.com
Visit website: ray91388805.blogspot.com Read More

Good evening Sir,

You will be eligible for max 80% bank loan because you will have to dispose off your private property within 6 months from your resale purchase completion date.

Your initial outlay will be:

1) 5% cash downpayment (includes $5k option deposit)
2) 15% cash/ CPF downpayment
3) estimated 3% buyer' stamp duty
4) $200 valuation fee
5) $80 resale submission fee
6) $2500 legal fee
7) 1% of purchase price as agent's professional fee

Hope my explanation helps!

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

By the way out of curiosity, why are you guys thinking of a resale flat?

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

"Your Freehold Ally, Leasehold Tactician"

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/yttanassetprogessor

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack Read More

Dear Sir,

If you purchase a resale flat first, you will be given a 6 months window to sell off your private property. In view of the sluggish market conditions, you will be at the mercy of this timeline and you may not be able to obtain the best price for your property.

I have assisted clients in a similar situation as yourself and have ensured that their sale and purchase process is as smooth as possible without the need for an interim accommodation and the flow of funds from the sale will tie in nicely with the purchase.

Therefore, I would suggest you to consider selling first as selling is definitely more difficult than buying in today's market.

Please feel free to contact me so that I can understand your intentions better and map out the time line and finances for you!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“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 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.”
Susana (Buyer)

“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) Read More

Good day sir

As per your question , you can loan 80% for your hdb regardless you buy your hdb before or after the condo sale , however this is subject to MSR mortaging servicing ratio , , in short the buyers age and income .

you will need at least 23% cash and cpf , out of which at least 5% must be cash , if you wish to buy your hdb before selling your condo .

You may negotiate with your condo buyer for few months extension stay for your family during the interim period if necessary , subject to the buyer agreeable .

Kindly contact me for a no obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( sole agent ) to your property or 2% for open listing ( many agents ) .

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

Hi,
You will be eligible to take up to 80% if there is no other outstanding property loan. Please drop me an email for me to share more in details.

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

Good morning,

It's a mandate by HDB that all HDB buyers are required to relinquish their private property ownership within 6 months from key collection. Hence bank will be able to provide you with max of 80% loan, depending on the remaining lease of the purchase. ABSD is not payable and you can clear the legal and stamp duty with CPF monies. However, it would all boil down to how much fund you have on hand to facilitate the purchase.

Do feel free to contact me for further discussion.

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

Hi Sir,

As you're purchasing a resale HDB flat, you are eligible to loan up to 80%, subjected to both your MSR and TDSR requirements.

The minimum downpayment in this case would be 20%, out of which 5% has to be in Cash, with the balance 15% payable via CPF-OA.

Take note that your wife will be required to dispose off her interest in her private residential property within 6 months upon the completion of the HDB flat purchase. If she hold onto a non-residential private property, she need not dispose it at all.

Perhaps you can share with me which area you're looking to purchase?

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More