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Good afternoon Sir/ Mdm,

These are the estimated costs that you need to come out for sale and purchase.

1) sale:
- legal fees around $2500
- commission fee minimum 2% of sale price plus GST

2) purchase (ignore that the 100% purchase price consists of max 75% loan and 25% downpayment)
- buyer's stamp duty up to 4% if purchase price is above $1m
- legal fees up to $3000
- mortgage stamp duty $500
- valuation fee approximately $400 plus GST

Perhaps we should work out your figures before we proceed further? May I know when will be a good time to meet both of you?

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

Contact:
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Dear Sir/Mdm,

For upgrading, it is important to plan the timeline as well as your finances before making the move. With proper planning, you will be able to minimise your cash outlay and also avoid paying the Additional Buyer Stamp Duty (ABSD). I will usually plan the sale and purchase concurrently for my clients so that they can transit from one place to another with some buffer time for renovation and not need a temporary place to stay.

You will need to take into consideration the following costs:

For selling, the costs involved are the legal fees (in the region of $2000) and agent commission of 2%. For the purchase, the costs involved are legal fees (in the region of $2,000 to $2,500), buyer stamp duty payable to IRAS (depending on the purchase price of the property). There is no commission if you are buying a private property.

I have assisted many of my clients who are EC owners to transit smoothly and seamlessly. Please feel free to contact me so that I can gather more information from you and give you an overview of the procedures and figures before you make the move!

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

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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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, may I have more information from you so that I could do up a more detailed financial calculation for you?

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

Hi,

Typically to estimate your sale cash proceeds, we will use the sale price, to pay off the housing loan outstanding, to refund the CPF utilized + accrued interest, pay off legal fees of approx $2.5k, and agent commission of 2% sale transacted + GST.

For purchase, it will be 25% down payment (cash+CPF OA)+ approx 3 - 4% buyer stamp duties, (assuming max 75% loan is not an issue), and legal fees of approx $2.5k. For purchasing of resale HDB, agent commission of 1% of purchase transacted price + GST.

I have worked with various clients and helped them to transit smoothly to their next property. Happy to work out the detailed financial plan for you so you know what to expect.

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)
SEAA Singapore Accredited Mortgage Planner (SAMP)

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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. Read More

Hi

You may text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Hi Sir/Madam

1) Sale:
Cash proceed will be selling price minus outstanding loan minus CPF return
Other costs involved when selling your EC would include the following:
Property Valuation from Licensed Valuer (if required)
Legal Fees
Agent Fees

2) It will be good to know the current market value of your house before selling.
I will be glad to assist on this, you can text/whatsapp me the details of your unit to (65) 96608508 

3) Purchase:
For Singaporean 1st Property, Private Property, Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.

4) Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.

5) Do you need the cash proceeds from your current house for the new house?
This will determine whether to sell first or to search for new house first.

6) Timeline for selling resale EC is negotiable between seller and buyer.
This are the typical resale timeline
- After securing offer, you can grant the OTP to the buyer with the agreed Option Fee
- Buyer would have 14-21 days to exercise the option.
- After buyer exercise the Option, completion will be around 2 - 3 months later
- For early redemption of your loan it will be best to check with the bank
Typically most banks need at least 8 weeks advance notice for the redemption
Law firm can help to serve notice to your bank

7) It is important to work out your financial plan before making a move.
I will be glad to go through the financial planning with you

I will be glad to assist
Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi Do contact me at 97970200  to understand more and discuss

Mark, your RIGHT choice
Propnex Read More

Appreciate your sharing, in order to help you better can I know you are looking for rent or purchase or sale?
Welcome any questions at 9696 4398  via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More

Hi,
I would be glad to assist you.
Feel free to contact me @ 97100155 
Pei @ ERA
Senior Marketing Director Read More

Hi there!

Firstly, I would like to thank you for your query!
With sales and purchase, I always pre empt my clients with a thorough financial calculation plan with timeline to ease the transition. The rough purchase breakdown is as followed:

75% loan typically
25% Downpayment
Buyer stamp duty approx 3-4% depending on property quantum
Legal fees approx $2.5k
Commission 2%+GST
<Private Property>

I am extremely seasoned and well versed in concurrent selling and buying and would be most glad to offer my insights. I have transacted various ECs , some of which that have attained MOP recently such as Bellewaters EC. It is more ideal to achieve solutions and a thorough advise customised to your objectives and needs - should you capitalise on HDB vs condo purchase?

Perhaps you can 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 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 and 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. 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!

I have a huge belt of over 15 years of experience in the industry with multiple awards and accolades to my name till date- which speaks of my professionalism, body of work, skills and experience.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020

ERA ‘2020/2021 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2020
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2014-2020 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall Top 100 achievers 2014-2020 Read More

Hi,

This is a very common occurrence, as over the past 1 year, people has been looking for bigger space. I had assisted one such client who sold his 3BR and purchased a 4BR within the same development.

For selling, you will need to pay agent's commission and legal conveyancing fees. For purchasing, you do not need to pay any commission, but you will be liable for Buyer Stamp Duty (or ABSD if you own more than 1 property at the point of exercise). Legal conveyancing fees is also applicable for purchase.

May I know which EC are you currently staying in? And how many bedrooms are you looking to upgrade to?

I am experienced and well-versed in both HDB and private transactions. 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

Hi,

1) The sequence of selling and buying is crucial as this involved the payment of additional buyer stamp duty.
2) Ensure you obtained an exercised OTP before you exercised your purchase OTP. Otherwise, you will incur the 17% ABSD. Although you might be eligible to apply for remittance if this is your matrimonial home but it is still a hassle that can be avoided.
3) Sell = legal fees (~$2,000) + salesperson commission (2%)
4) Buy = legal fees (~$2,500) + Buyer stamp duty (~3/4% depends on the value of the purchase) + mortgage stamp duty ($500 if applicable)

Hope the above answer 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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