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Hi,

Planning for your next flat should be part of your considerations when you sell your flat. Before you commit to sell your flat, you should consider the following:

- Options available for next flat
- Financial considerations
-Procedures

As per HDB website, If you buy a flat first before disposing your existing flat, You will be charged commercial interest rate (pegged to the average non-promotional interest rate for HDB flats offered by the 3 local banks) for the housing loan to buy the next flat.

The interest rate will be converted to concessionary rate when you have disposed of the existing flat, and have used the CPF monies refunded and up to 50% of the cash proceeds from the disposal to repay the housing loan for the next flat purchase. From the CPF monies refunded, you may retain up to $20,000 in your CPF Ordinary Account.

Thus, the main factor for me is to ensure you are able to sell your flat then buy a resale as you can request an extension for the stay.

Feel free to contact me to discuss further.

Alan Sng
Propnex
 92707548  Read More

Hi Louis,

Yes if the current funds (cash, cpf or home loan) can cover the purchase price and miscellaneous costs such as stamp duties legal and agent fees , you can do the purchase completion first before selling the current flat.

Do note you have to sell away the flat within 6 months after key collection to the next flat which imposes a time constraint for the sale. Also you will be servicing 2 loan mortgages concurrently.

I have worked on similar cases and will be able to share my professional inputs for a smooth transition.

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 Louis,

Yes you may do so. However, it is necessary to take a look at your finances before proceeding with the sale and purchase. This is because of costs such as legal fees and stamp duty that is involved.

With the financial plan, you will have an overview of your cash flow and by doing the sale and purchase will you be able to pocket some sales proceeds or need to top up additional cash.

I have assisted many clients to switch from one HDB to another. Please feel free to contact me so that I can understand your situation better and draw up 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:
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

Good day Mr Leow.

You can sell your hdb first before buying your next hdb , this will be easier in terms of financing and cash flow , however it is more inconvenient in terms of having to find temporary accommodation during the interim or have to shift twice .

If financing or cash flow is no problem , you can buy first before selling , even possible to accommodate a month or 2 of renovation time , finally to sell your previous hdb latest within 6months after collecting key to the newly purchased hdb .

Kindly contact me Joanne Chia hp 8333 3327  for a no obligations chat for your property needs.

I am not able to contact you as i do not have your contacts .

Commission rates are negotiable , generally is about 2% .

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

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

Hi,

I can assist you in your planning because i have done in personally as well. Drop me a message @ 8118 4108  and we can discuss further.

Regards,
Nicholas Read More

Hi,

Yes, you could purchase another HDB resale flat first, provided you do have the funds ready. You will need to set aside at least 28% (inclusive of downpayment, BSD and other misc fees) for the flat you're planning to purchase.

If you do not have the funds, you may need to sell off your current flat first. This is to allow sufficient time for the sales proceeds to be in, before it can be paid towards your new purchase.

If you're looking to avoid having to shift house more than once, Timeline Planning is very important. I have helped many HDB upgraders/downgraders move to their new homes with minimal fuss, and I will be happy to assist you to plan the Timeline for your sale and purchase too.

I am experienced and well-versed in HDB resale transactions. 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 property 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