7 Answers

Aaron Chong
Hi Mr Louis, 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. By the way, can I have more info of your HDB detail so that I can find out about the unit value on your behalf alright? And as for the stamp duty, yes you could pay it using CPF too.

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

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Ivan Ng
Hi Louis,

Are you referring to resale condo or under construction condo? Yes you can use CPF OA to pay for stamp duties if there are sufficient CPF OA monies, but for resale the timeline may be too tight and hence you need to use cash first for the stamp duties and reimburse through the CPF OA later.

Selling hdb and upgrading to condo concurrently is a complicated process and requires careful coordination. I have worked on similar cases and will be happy to share the best approach tailored to your requirements.

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%)
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SMU BBM (Finance), Magna Cum Laude
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- 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 --

Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.

-- HDB BTO 4rm Sellers at Sengkang, Jonathan & Abigail --

By faith, we signed the contract with Ivan and in less than two weeks time, we opened our house for the first and the only viewing, days later the OTP was signed! Thank you for all your excellent diligent services and all the professional advise!

-- 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

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Nick Tan
Hi Mr Leow,

It depends on whether you purchase a resale condo or a new launch condo. If it is a resale condo, you wont be able to use the CPF in your OA to pay for the stamp duty. You will need to pay in cash first and subsequently get the laywer to reimburse you back via your CPF.

If it is a new launch, then you will be able to use your CPF to pay the stamp duty as there is enough time to draw out your CPF.

Please feel free to contact me so that I can understand your situation better before I draw up the transition plan for you.

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:
http://bit.ly/CEAnews

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 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) Read More

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Geryl Lim
Hi Louis,

The Stamp Duty payable can be paid by CPF after you exercise the Option To Purchase with regards to the purchase, however, if you HDB Option To Purchase has not been exercised by your buyer, then ABSD is applicable, therefore timing is critical.

For private resale purchase, you will be required to have the 5% cash as well as stamp duties applicable when you exercise the Option To Purchase. The balance of the payment including the 20% downpayment will need to be ready prior to completion.

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 8,500 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.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565.

I look very much to hear from you soon.

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

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Regards,

Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

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Mark Ng S W
Hi , do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex Read More

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Gary Seah Zhang Feng
Hi Louis, actually u might not need to make your timeline so tight.

There is many thing we can do to make sure the money come back then we proceed with the purchase.

Sometimes we just need to explore further.

Most of my client won’t have this problem if u are able to plan it nicely to have a smooth transition.

Btw do have a look at my blog if u are looking for a resale condo.

It important to know what you are buying into many buyers has benefited from it to understand the pros and cons of it.

https://www.secondpropertyinvestors.com/dont-realize-about-the-private-property-resale-market/

*******************************************************************************

I am Gary Seah and I am the founder of Second Property Investors and has been writing since 2015 to share my insights in the Singapore property market. I have helped many people to strategize, plan & restructure their property portfolio and get the best profit from it. I have been the agent behind many lucrative upgrading case studies.

Second Property Investors serves 10,000 readers monthly and helped hundreds of homeowners to upgrade/restructure their property portfolio

Visit my website to know more about me SecondPropertyInvestors.com
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Robbie Chen Chee Howe
Hi Louis,

I supposed you're concerned that the funds from the sale of your HDB flat is not in time to be in for the purchase of your next property?

If this is the case, you will need to plan your Timeline properly, to ensure that you have sufficient to pay when the payment is called. The Timeline will also depends on the property you're planning to purchase. Also, I suppose you would also want to avoid the hefty ABSD, as well as the hassle of having to shift house more than once?

I am experienced and well-versed in both private and HDB resale transactions. I have helped many of my clients upgrade from their HDB flats to a private residential with minimal fuss, and I will be happy to assist you too.

My area of focus is in Central/Queenstown/Bukit Merah/West region, and I am blessed to have transacted several "million-dollar" HDB flats over the past 1-2 years, with many others in the $900k+ range.

I will be able to assist you in your upgrading 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

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