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Dear Sir/Mdm,

From the information that you have given so far, you should be eligible for a maximum loan of about 1.25 mil for a private condo and about $625,000 for an EC. The max quantum for a condo will therefore be about 1.67 mil and an EC of about $833,000.

It is good to upgrade upon reaching the MOP and I think you are in a good position to do so. However, before proceeding, it will be ideal to map out your finances to understand your cashflow first so as not to overstretch yourselves in the long run.

I have assisted many clients who are in a similar situation as yourself to upgrade successfully. Please feel free to contact me so that I can give you an overview of your financial status and also draw up a transition plan for you. I can also share with you the differences between buying a private condo and an EC.

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

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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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) Read More

Dear sir and madam,

Age of both borrowers will be the critical factor to work out the sums in terms of loan. The other considerations will be how much outstanding loan do you still have for the existing HDB in order to understand how much sales proceeds you can achieve from the sale of this HDB.

Are you considering a brand new EC or resale EC? Take note that there will be resale levy applicable should you decide to opt for brand new EC. Piermont Grand EC was recently launched in Punggol with the smallest unit from about 840sqf onwards pricing from $868k. Basing on the minimal information I have regards to your income, I assume that both borrowers are aged 35, the maximum purchase price you can afford is in the range of $840k, without the consideration of sales proceeds you will receive for a brand new EC purchase.

Should you be looking at private condo, the loan quantum which is based on 60% TDSR is higher, where you will be able to purchase up to $1.67m range unit. The above assumptions are basing on maximum loan where you will be required to have at 25% of the downpayment ready, of which at least 5% must be in cash.

It will be beneficial if we are able to work out more in details such that you have better understanding on the finances involved to decide if you wish to proceed.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi,

Age is another factor towards loan calculation. Based on the income details shared, assuming both are fixed income employees with regular CPF contributions, and assuming 30 years loan attainable, you should be able to qualify for a bank loan of approximately $1.25m for private condo or $625k for a new EC purchase.

Typically the downpayment and stamp duties of a private property purchase adds up to approximately 28% of purchase price, of which a minimum 5% cash component is required.

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 Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

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(Client's Testimonials)

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-- 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. 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.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. 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. Thanks Ivan! :)

-- Sellers of Exec Maisonette Gaffoor & Isha --

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-- HDB upgraders to New EC owners Mr. & Mrs. Goh --

My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More

Hi,

It is highly possible for you to upgrade, but to determine it, I will require further information from you.

I will need details like:
1) age of both of you
2) current outstanding loan for your HDB flat (if any)
3) CPF used for your current HDB flat
4) both your income (whether it is salaried or commission-based)

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

Hi Do contact me at 97970200  to discuss more and share with your how to progess

Mark, your RIGHT choice
Propnex 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

Good Morning,

Thank you for your query. We are Annie and Joel from OrangeTee, and with us you have twice the support than engaging someone else.

Based on your information provided, it is not sufficient info as we do not have the outstanding loan amount on your HDB. However, we are the right people to speak with to help you plan for your EC Upgrade for the upcoming 2 EC launch in 1Q2020. Allow us to help you plan and explain several things unique to EC such as Deferred Payment Scheme, Bridging Loan, and let us see how to assist you to upgrade your lifestyle.

We look forward to hearing from you in order to better plan the timelines involved with transacting your unit. This can be a complicated process, but we aim to simplify this process and to best advise you on your housing journey.

As we are not able to contact you, we look forward to your call or Whatsapp, in order for us to better assist you.

Thank you very much and look forward to hearing from you!

Regards,
Annie Zhou
 8753-1128 
Just copy and paste link to browser to chat ---> https://wa.me/6587531128
annie.zhou@orangetee.com

Joel Ng
MSc (Real Estate), NUS
 9337-8447 
Just copy and paste link to browser to chat ---> https://wa.me/6593378447
joel.ng@orangetee.com Read More