5 Answers

Robbie Chen Chee Howe

If your plan is to get a new BTO or an EC, you will only be liable to pay a resale levy if your current house is bought with subsidy, either BTO flat or resale flat with CPF housing grant.

You have the option to upgrade to a private property too, but you will have to work out your loan eligibility first. Your maximum loan will be based on your age, and also the standard TDSR requirements.

If your are planning to have a change of housing, I strongly suggest you do it before you turn 55 years old, when there will be some restriction on your CPF usage.

May I have a clearer understanding on what is your plan in mind? Cos based on your question, I would assume it would be to upgrade to a private property? Since your current 5RM flat should be around 110sqm as well, and you are looking for another flat that is of similar size?

Should you need any 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


  • ML
    I have already set aside the minimum sum for my CPF.

    I bought a Executive flat directly from HDB and sold it before 2006, so I need to incur resale levy at 25% if I buy EC or new HDB flat.

    My present flat already met the MOP requirement.

    I would like to move to a private property.

    Based on my age and income, what is the maximum loan that I can borrow.

    Assuming I only want to use the proceed from selling the present flat, is it possible?
Ivan Ng

Yes you are eligible to purchase private property or resale HDB as long as your MOP of 5 years is met. If you plan to use CPF OA to fund the next purchase, it might be ideal to do it before you turn 55 years old, as that is when the retirement sum requirements kick in and some of the CPF monies can't be utilized for housing.

Yes you can apply for BTO or new EC from developers, however these categories are considered subsidized housing and you need to form a family nucleus (with spouse/children/parents) to purchase. If you have taken subsidy for your current 5rm flat, a resale levy will apply if you purchase another subsidized flat.

I have assisted senior clients before with their portfolio re-strategies, and will be happy to share more on their thoughts and considerations of each option. You can read more at below client reviews.

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
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---

Translation from Mandarin:

We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.

We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.

We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.

-- HDB Flat Sellers Securing their Retirement, Mr & Mrs Ting --

We have engaged the services of Ivan Ng for sale of our property. 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!

--- 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! :) Read More


  • ML
    I already set aside the minimum CPF retirement sum.

    My present flat already meet the MOP.

    I need to pay resale levy as my first flat was bought directly from HDB and sold before 2006.

    Thank you for your reply.
D. Kumar
Hi there!

To begin, I would like to point out the key essential in the sell-buy process and that is the : Financial Cash Computations and Calculations. It is recommended to have a preliminary discussion with a professional who will work out your financial cash projection, generation of sales proceeds and factor in the likely purchase price so that the process is smoothly facilitated and ensures you a tidy substantial profit.

In addition, it will be best to understand more on the market insights and caveats of your intended purchase as well as for me to run through the overview procedural framework. Sell-Buy process should be expedited on a step by step basis, to ensure no financial liquidity complication and no wrath of regulations. Having said that, this is the right time to upgrade as prices are fallen visibly, and since you are looking for a bigger unit, the % fall in quantum of those units is higher and supersedes smaller units, which means that your profit margin is maximized. We could explore this concept to take things forward. Hope to hear from you!

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com (Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top 1% of ERA)
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  • ML
    I will ask for help after considering all your advices.

    Thank you.
Nick Tan
Dear Sir/Mdm,

The minimum sum is no longer an issue for you since you have already satisfy the minimum sum.

In my opinion, you should consider downgrading to a resale 4A flat. This is because you will not be able to secure a longer term loan due to your age and you may have plans to retire in the near future and therefore buying a resale condo may be financially stretching for you in the future.

You may want to consider buying a 4A flat instead. The unit will be spacious according to your requirement and also you can pay off the flat without worrying about monthly installment.

Tampines is a better place to consider as compared to Bedok due to the transformation plan which is taking place there and in the surrounding areas.

Please feel free to contact me so that I can understand your objectives better and provide you with further assistance!

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“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 is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“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)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More


Johnny Goh Mui Huat
Dear Sir/Mdm,

Yes, you are eligible for either resale HDB or private properties.

Based on 100 to 100sqm, you should be looking at 4A HDB flat which will cost you from $450,000 onwards or 3 or 4 bedder private properties which cost you at least $1.2mil onward depending on your financial status.

Hope that I have answered your question.

If you are looking for a salesperson to assist you, I would like to offer my service to you.

Not all internet marketing is the same and we have the most advance marketing tools to give your unit an unfair advantage over the rest. One of the tools we have is virtual tour and this is absolutely free for our valued customer.

Check out one of our virtual tour at this link below

Don’t you agree that marketing plan is most important factor when trying to get the ideal buyer for your property?

Thanks and Regards
Johnny Goh
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 90906267
Email: johnny.goh@orangetee.com Read More