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Good evening,

Yes its possible as long as the finances are comfortable. Pros include a potentially bigger space and also more comfortable monthly mortgage loan installments (if any).. Finances can service a higher consumption family lifestyle. Cons probably no more condo facilities and security at guardhouse. Typically hdb have no balcony as well if you like open spaces in the unit.

Do note that to purchase resale hdb, you have to fulfill 3 years of SPR status as a married couple. ABSD of 5% also applies for the purchase.

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.

Contact: (+65) 97432395 
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(Client's Testimonials)

**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

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Sir/Madam

I will be glad to assist
As I won't be able to pm you first due to pdpa, 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 (Silvia Yogisaputra)

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

Hi, yes it is possible. But for HDB flat, it is no longer deem as an investment anymore but just a roof over our head. Pls feel free to let me know if you need any assistance.

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

Hi, yes possible to down grade from condo to hdb. I can share with you more on the 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

Hi

If you would text 9620 0827  , we would reply on your query.

Regards

Gavin Read More

Hi, Yes it is definitely possible. Pros is that you might be able to get a bigger space and lower monthly mortgage, suitable for homestay. But cons is that HDB is not an investment tool so your money is not working hard for you, it is locked in your CPF so if you are planning for retirement this might not be a good choice.
Kindly contact me at 97261112  with more details/requirement I would be glad to assist you further

Thank you very much

best regards,

Jenny Tran Propnex
 9726 1112  Read More

Hi,

As long as both you and your spouse has been SPR for more than 3 years, you will be eligible to purchase a HDB resale flat.

Do note that you will be liable to pay a 5% ABSD should you sell off your current condo and purchase a HDB flat. You may wish to take into account this sum of money during your planning stage, to see if it's worth it.

May I know what's the reason for you to downgrade? Are you looking for a bigger space due to increase in your family size? Or are you looking for a change in location?

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

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

Dear sir/madam,

The requirement is for both you and your spouse to be SPR for at least 3 years. It will also be good for you to take note that there is ABSD involved for SPR purchasers now, which I am unsure if you are aware of since this was first introduced back in 2013. It is difficult to ascertain the pros and cons of downgrading as different households have different needs where the pros and cons may not be applicable. If we are able to know more about your plans and why are you even considering the downgrade, perhaps we will then be able to advise better or offer a more applicable proposal for your case.

Let's catch up more in private for discussion perhaps?

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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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Dear Sir/Mdm,

It may not be the best idea to downgrade from a condo to a HDB because the upside of HDB is limited and you may not be able to enjoy a profit in the future. If you can afford comfortably, it will be wiser to sell this condo and buy another condo maybe in a better location for the upside potential in the future.

However, if you are looking at HDB as an option because of the generous space, then it is a possible option.

You may want to pay special attention to the timeline and cashflow when you do the sale and purchase concurrently. Careful planning is required so that you can achieve minimal cash outlay and more importantly transit smoothly from your current place to the next one without the need to rent an interim place to stay.

I have assisted clients in a similar situation before. Please feel free to contact me so that I can understand tour situation better and come up with a 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:
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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