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Hi

You may want to text 9620 0827  for a casual chat. It would be good to understand your requirement before advising.

Thanks

Gavin Read More

Hi,

If there are enough funds (cash+cpf oa+loan) to complete the purchase without selling, yes you can do the buying first. If so, you need to sell away the EC within 6 months of key collection to the resale HDB.

If you sell off the EC first, from first deposit to key handover is approximately 3 months. Some sellers would request for extension from the buyer for another 2 to 3 months, subject to mutual agreement.

If you need the sale proceeds to complete the purchase, then we need to find a buyer for the EC first. I have worked on similar cases and would be happy to share the best approach on how best to transit smoothly so that you need not move twice.

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 Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

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-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Read More

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, it is advisable to sell your current unit first before you proceed to purchase the next unit.

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

Dear Sir/Mdm,

Yes you are buy first and then sell later. However, the downside is that you will not be able to utilise the sales proceeds and the CPF funds that are currently tied in the EC. HDB will grant you a grace period of 6 months to secure a buyer for the EC. 6 months is more than sufficient in this case.

If you sell the EC first, then we will need to time the purchase of the HDB to be concurrent so that you will be able to transit smoothly from your EC to the HDB without the need for an interim housing.

I would usually recommend my clients to time the sale first so that they can minimise their cash outlay. However, we will need to look into individual circumstances to determine which is the best way forward.

Please feel free to contact me so that I can understand your situation better and provide you with more informed recommendations.

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
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“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”
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Good day sir / madam .

If you have the funds , you can buy hdb first , you have to dispose your ec latest within 6 months after the hdb sales completion .

If you Need the funds from the sales of your ec to buy the hdb , you will have to sell your ec before buying the hdb , you can negotiate for extension stay after sales completion at your existing Ec during the interim period ( renovations etc ) subject to mutual agreement with the buyer of your ec.

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

My charges are 1% for exclusive selling rights to your property or 2% for open listing.

Joanne chia
Email Chia_joanne@yahoo.com.sg
Hp 83333327  Read More

Hi,

To start with, current is still buyer's market. Thus it is easier to buy compare to sell.

1) You may hold on EC for 6 months upon key collection of your HDB flat.
HDB comes into the picture for this because you had purchased an HDB flat, thus you are also excused from paying ABSD in this process.
You will have to pay ABSD if you are buying a private even your intention is to sell after the purchase.

2) The extension period is dependent on your negotiation with the buyer since this is not within the jurisdiction of HDB.
EC is considered as private in the eye of SC and PR (on 5th to 10th year).

Hope the above answer to your main concerns, but if there are more query, 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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Hi,

Yes, if you have sufficient funds from your cash and CPF (and loan) to pay for the HDB flat, you could purchase the flat first before you sell your EC. You will be required to sell off your EC latest within 6 months upon your HDB flat purchase.

Should you require the sale proceeds from your EC for your HDB flat purchase, then you will need to sell off your EC first.

Fret not, as EC is a private condo, you can easily rent back the unit on a short term basis from the buyer of your EC. This will allow time for your sale proceeds to come in for your flat purchase. It will also enable you to have sufficient time to renovate your new home too.

My advice is for you to sell off your EC first, before committing to your HDB purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property 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