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Good morning,

Yes it's definitely advisable to sort out your budget first before we proceed further with sale and purchase.

I believe you can only apply for HLE on or after your MOP date in which thats when you are eligible to purchase.

We can try 1 month prior to MOP date if not have to wait.

Alternatively we can apply for IPA first to get an idea what's your budget. In this way, you also can decide whether to take bank or HDB loan ultimately as well.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi there, validity of HLE is half a year from the date of issue, for your situation, it would be best to apply for HLE in late Oct before you start house hunting. for the purpose of budget planning, we can always do an estimate on your loan amt closer to the date or take to a banker to get a estimate. I would suggest that we plan out the timeline for your transition, and what is the best way moving forward according to your situation. For a more detailed discussion, feel free to drop me a text or call for a non obligatory chat. Cheers
Rix Jim
 9687 1379 
Rix.jim@hotmail.com
PN Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, you could only apply for the HLE upon the MOP of your flat.

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

Hi, I propose you able to check with banker base on your current plan, so that we are able to work out the budget before next move. Looking forward to assist you at 9696 4398  , or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi Sir/Mdm,

It is good to start planning early since your MOP is still a few months away. With the HLE, we will be able to find out how much loan that you are eligible for. With other information such as your potential amount of sale proceeds and your CPF figures, we can come up with a comfortable budget for your next place and shortlist the possible options.

I have assisted many of my clients who are in the same situation to transit smoothly and seamlessly from one property to another. Feel free to contact me so that I can give you an overview of the processes and start planning for you.

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

SEAA Salespersons Achievement Platinum Award 2020 / 2022

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Hi

The validity of a HLE is 6 months. It will expire in Sep or Oct 23 before your MOP.

There is not necessity to rush things now. What would be good is, come Oct 23 (for normal transaction), you may want to text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Hi,

1) Not sure (nov then MOP) refers to Nov in 2023 or 2022?
2) If you have not met your current HDB flat MOP till Nov 23, then you won't be allowed to apply for an HLE now.
3) If you have already met your current HDB flat MOP, then you may apply for an HLE now before selling away your HDB flat.
4) A HLE validity will last for a period of 6 months.
5) You may apply to understand your possible budget.
6) If this is your 2nd HDB flat, then you have to know that you will be subject to the right-sizing policy.
7) It means that 50% of your cash proceeds from your HDB flat sale have to go to this 2nd HDB purchase.
8) You have to ensure you have sufficient funds in your OA now for the buyer stamp duty and legal fees if you intend to use your CPF funds for these payments.
9) Otherwise you will have to pay these expenses in cash.
10) You are not allowed to use the returned CPF from the sale for these expenses. The entire returned CPF will be utilized to pay for the purchase.
11) This is to lower the loan as much as possible.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Good afternoon,

To my understanding you can only apply HLE after your MOP of 5 years is fulfilled, hence we can't start that now. However, as we have calculated for various clients before, we will be able to estimate the likely attainable home loan amount as long as we have some details like age, income and whether any other loan outstanding. Happy to help on that if I can have more info, no obligations free consultation.

As of now it will be good to do some initial planning on the financial plan as well as timeline on how to move, and shortlist the available options. I have worked with various clients on the same and will be happy to share the best approach tailored to your requirements.

Hope the above clarifies. May I have more info and requirements about your plans so as 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 Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
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You should only be able to apply for HLE after fulfilling the MOP of your current HDB. It is perfectly fine to apply for HLE first before selling your HDB, as it will give you better idea on the financing before you embark into the transition.

I have been in the real estate business since 2009, with more than 13 years 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 client's 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 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 
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Hi,
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

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