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Hi Ms. Kristy,

Yes you can look for resale hdb now, bank loan depends on amount required and purchase price, as well as your current finances and age income profile. An exercised OTP for your sale will definitely help.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Good afternoon Kristy,

Since your buyer had exercised the Option, you can start with the hunt on resale HDB unit. Banks will also be ready to assess your mortgage based on 80% loan, subjected to your income status and credit record.

Do feel free to contact me should you require assistance on the purchase of resale HDB unit.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Mr Owner,
Which area are you planning to buy?
I can be reached at 97100155 
Pei Propnex Read More

Hi Kristy,

There is no need to wait till the completion. You will be able to loan 80% for HDB purchase, regardless whether your buyer has exercised the OTP or not.

In fact, you should proceed to source for your HDB resale flat even before you sell your private property, as HDB transactions will take longer than private transactions.

For your situation, there may be a period where you will be left with no place to stay. You may try to sound your Buyer out, to rent back the unit from the Buyer after completion.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Good afternoon Kristy,

You should start sourcing for a resale HDB immediately as the procedure for HDB purchase is usually longer than private.

Do you have a temporary accommodation to stay in if not you might to consider renting the condo back for awhile from the buyers.

And yes you are eligible to obtain max 80% loan.

Feel free to contact me if you need any assistance in your property purchase.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

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