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Hi,

Assuming your hdb is sold and completed today, and no other residential property ownership, the typical breakdown for the $1.2m purchase will be as follows:

5% cash 60k
20% cpf OA 240k
3% approx stamp duties and legal fees 35.1k (cash or CPF OA if sufficient)
75% max loan 900k

In our case, since only 210k cpf OA available, assuming you are eligible for 900k home loan, the cash top up will be $125.1k.

I have worked on similar cases and would be happy to share the best approach for a smooth transition.

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

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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.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Dear sir/mdm,

Purchase price of $1.2m, the component breakdown is as such:

1) Cash portion minimum 5% - $60,000
2) CPF and/or Cash - $240,000
3) Stamp Duty - $35,100

This is assuming that you are eligible to loan up to 75% and has no other residential property under your ownership. 75% loan amount works out to be $900,000 and the monthly instalment is estimated to be around $3,107 if we assume that your loan tenure is 30 years at an interest rate of 1.5%.

Legal fees and some other administrative fees maybe applicable too.

Do you require further assistance?

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi Ivan, 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, there are also stamp duty and legal involve for the purchasing of the resale EC and agent commission for selling off your HDB flat.

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

Hi Ivan, do contact me at 97970200  to assist in your calculation

Mark, your RIGHT choice
Propnex Read More

Hi Ivan,

For the purchase of the resale EC, this is the breakdown in the financial plan:

5% Cash - $60,000

20% CPF - $240,000
Stamp Duty - $32,600
Legal Fees - $2,200

Total CPF required = $274,800

Since you have about 210,000, the shortfall in cash is about 64,800. Add this to the 5% cash, the total cash amount that you required to make this purchase is $124,800.

Please feel free to contact me if you do not understand the figures so that I can run through in details with you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
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Testimonial from Satisfied Clients

“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”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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Susana (Buyer) Read More

Hi Mr Ivan

I will need more info to be able to assist you
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com 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

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi Mr Ivan,

We have just helped 2 group of clients to sell their HDB and bought resale ECs. What I can suggest is we can meet up and my partner and myself can help you with a detailed financial calculations. The calculations will cover all aspects. We have done such calculations for many families already. No worries on the meetup as there are no obligations at all. Can just take it as a chat and knowing one more friend. After the meetup we will send the calculations to you for you to keep and it will also be a good reference for you to refer to, Sometimes financial calculations are much more complicated than we think they are.

My partner is also my wife and we work very closely together. Financial calculations is her forte and I have to say she does a great job on that. Haha. Maybe for you to better understand how we work, you can visit the links below to read up some testimonials that our clients have given to us. Hopefully we will be able to provide some good advice and pointers to you.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
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HI,
I believe you will have understand the different fees as well as the breakdown of the cost involve. Thus, i will skip that and go to another question, why are you interested in resale EC?
Resale EC will mean the potential yield have already been taken by the first owner. If you are looking at $1.2million, then why not consider other option?

Did you do a comparison and find that the resale EC is more worthwhile? I hope you can share with me more on your plan!

Feel free to contact me at 9270 7548  to discuss further.

Thanks!

Alan Sng
PropNex Read More

Hi Ivan,

It does not work this way. Sale proceeds calculation is independent from your purchase payment calculation.

For Sale proceeds calculation, Sale price will have to settle all outstanding loan first, followed by CPF Refund, with the balance (if any) in Cash.

For all private property purchases, a minimum of 5% Cash is needed as downpayment, with a balance of 20% can be from your CPF. This is provided that you qualify for the max 75% loan. Loan will be assessed based on your TDSR.

I am experienced and well-versed in both HDB resale 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

Hi sir
Yes. Other significant cost you have to take into consideration is buyer stamp duty and legal fees .Buyer stamp duty for a 1.2mil property works out to be $32,600 (either cash or CPF) while legal fee works out to be $2500. Do contact me at 93375051  for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More