5 Answers

Stewart Lim
Hi Sir,
Yes you can, however you have to pay back HDB the resale levy. kindly call or whatsapp me at 9696 4398 for a quick discussion to understand your needs better so that I can advise you the next steps. Thank you

Stewart Lim - Propnex Read More


Ivan Ng

Yes its possible as long as your finances are comfortable. Do note resale levy applies as your current hdb is a subsidized flat. I have worked on hdb upgrading to EC cases before and will be glad to share 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,
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395
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Website: http://www.ivanng10.com/clientreviews
(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.

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! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More


Ling CK

(A) The criteria of purchasing a new EC are as follow:
(1) You have to be qualify under the following schemes:
(a) Public Scheme
(b) Fiance/Fiancee Scheme
(c) Orphans Scheme
(4) Joint SIngles Scheme
(2) You must be a SC in the application, and other applicant must be SC or SPR.
(3) Household income not exceed $14k income ceiling
(4) Do not own other property overseas or locally, or have not disposed of any within the last 30 mths.
(5) Have only bought new HDB flat/EC or received CPF housing grant once only.

(B) Resale levy: must be pay in CASH only:
1st subsidized flat sold on or after 3 March 2006:
3-rm = $30k
4-rm = $40k
5-rm = $45k

1st subsidized flat sold before 3 March 2006:
3-rm = 20%
4-rm = 22.5%
5-rm = 25%

(C) To service EC mortgage, you have to get loan from bank only.
Max Bank loan is 80%, you have to get ready for 20% downpayment, the breakdown is as such:
Minimum 5% cash for the purchase
15% can be in cash or CPF or both.

Maximum loan tenure is 25 years or at 65 years old, whichever comes first.
Any loan tenure more than 25 years will reduce the loan percentages.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

Any response to our answer do not reach us until we scroll through each and every queries posted daily.
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D. Kumar
Hi there,

Thank you for your query!
Yes indeed you can upgrade to an EC but do take note that resale levy is applicable. Please also take note that you must be a SC in the application, and other applicant must be SC or SPR with household income not exceeding the $14k income ceiling. I have helped many clients upgrade to their EC (many of the testimonials can be found under the TESTIMONIAL section in my website) such as Bellewoods, Bellewaters, The Terrace etc. Perhaps you can get in touch for me so that I can advise further in the transition , providing you full information of the ECs available in line with your requirements.

Please do contact me at 96659926 for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline to narrow down ideal developments and shortlist exact unit layout type for your perusal. I have actively transacted many EC private properties (testimonials available on website) and since you may be unfamiliar with the process, you might want to tap onto advise and guidance in this regards, at no obligation of course. I will walk you through the entire process from selecting developments/ arranging viewings, handling bank/finance aspect, arrange for your legal processing matters as well as handle all paperwork. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and customised sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
+65 96659926
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
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Elaine Chia


If your HDB flat with the housing grant is your first subsidised flat, then you are eligible to buy a new EC. Do note that there will be a resale levy payable.

In such upgrading, financial and timeline planning is crucial. Let us know if you need any assistance with these. We have helped many of our clients in their real estate journeys, all of them have no issues with their move and are happy with the timeline they have.

Do drop me a call if you would like to have a chat or a meet up. No worries there are no obligations at all. We can show you what's comfortable for you in terms of your calculations and timeline.

Looking forward to hear from you soon! Cheers!

Best Regards,

Elaine Chia
Senior Associate Group Director (Sincerus Division)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

SAEA Real Estate Excellence Award Nominee - Best Client Service (2014)

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Mobile : +65 9008 1737
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