AskGuru Q&A Community

Hi iFrog,

I believe you would have to sell off your current place before you go ahead with the purchase. I have done alot of similar transactions like yours. It will be best if we can discuss it over the phone.

Do feel free to contact me for a non-obligatory discussion.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
CEA Reg No: R007702C
H/P: 9323 3330  Read More

Extension is strictly prohibited after completion of sale of your HDB unit. However, if you have engage a salesperson who is experienced enough in handling such transactions, you should be in safe hands. Perhaps you may wish to furnish me with more information about what are your other concerns such that I can share with your whatver experiences I have to overcome these concerns. With a dedicated team of salespersons with extensive experience in this industry collectively islandwide, I believe we are in a great position in assisting you. Imagine just engaging the service of 1 person but having a team to multiply the effect. You have nothing to lose but everything to gain.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
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**Aspiring to be your preferred partner in real estate** Read More

Afternoon,

Extension of stay is not legal but it's not be regulated. Under the HDB ruling, sellers are to vacate their unit on the day of completion so that the buyers can move in. Arrangement made are under "Gentleman's agreement".
As to sell your unit first or buy first, it would depend on your requirements for sales and purchase. All can be worked out to allow smooth transition between both transactions.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi iFrog

Timing the sales and purchase is essential to ensure a smooth transition. Of Course, the financial element need to be careful examined to determine to do the Selling Process first or the Buying process so that the cash is not tied up unnecessarily.

I will be able to assist if you need help.

Thanks

Ethan Ang
C&H Properties Pte Ltd
 97690125  Read More

iFrog,

Will you be using your CPF utilised in your current flat for your next purchase? If yes, I guess you have to rent a temporary accomodation/ move in with your family before your purchase.

Why do I say so?

Because for the first appointment of your purchase, you have to get your CPF funds ready. In order to have your full CPF funds, you have to wait 14 days after your sale completion for the refund of CPF funds utilised in current flat.

Thus from the end of sale to the completion of purchase/ renovation (if needed), you need some place to stay because request of extension from your buyers is prohibited.

Hope my explanations help!

If you need any assistance in your property needs, I am just a call away.

Hope to hear from you soon!

Cheers!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More