5 Answers

Lee Chun Peng Adnic
Hi

Sell first if you need cash to buy property.
Buy First if you have cash of 20% (5%cash + 15% cpf okay)
Concurrently is possible too.

The best way to determine is to do up financial calculation. Drop me an sms of your email and I will email you the details.

96722265
Howard Ho
What areas are you interested in ?

I have listings for condos in Woodlands, Yishun, Simei and Boon Keng area.

Thanks,
9766-3545
Lyna Song
Hi Baby Step;

Just a point to highlight to you,if you were to buy your second property first,you will need to set aside a Minimum Sum in your CPF account(which means that you cant use all the CPF monies for the 15% downpayment,unless if you have more than enough in your CPF account).

I have a new Executive Condo launching soon in Compassvale Bow(next to Buangkok MRT)..If you are interested,please drop me a line.Thanks

Rgds;
Lyna from ERA
9623 8442
lynasong@hotmail.com
www.lynasong.myweb.sg
Brandon Aw ERA
Dearest Baby Step~

Allow myself to guide like how i have guided many.

1) If able to buy first, buy first. 5% cash and 15% CPF, provided bank approval for 80% loan. Please note that u would need to observe CPF minimum sum cash of $61,500 if u have been using CPF for your HDB and intends to utilise for this condo purchase too.
However, for your case, since you have the intention to sell your HDB, you can pledge your to sell off your HDB once u bought the condo, and CPF will exempt this Minimum sum cash.
2) By buying first, it will solve your problem of having no house to stay if you choose to sell first.
3) However, if u needs the cash and CPF to buy the condo, then you would needs to sell first. By selling first, then you would need to inform your buyer that you would extended stay in your current HDB after sales completion. And also to highlight to the Condo seller that you need to arrange for early move in even before condo sales completion.

Perhaps if you allow, i can meet your family for a more detailed discussion on your finances. Then at the same time, I can show you how to find condo units for sale using my software. We just need to key in the condo name. You also need to take stamp duty into consideration too.

Would suggest to buy first, as you can take your time to source for a house you love, and generally HDB flats are a sure sell in current market.

Do hope to have your call/email coming in.

Cheers~
Brandon - ERA Marketing Director
HP: 8233.23.23
Email: aw.brandon@gmail.com
Jeffrey Heng
Hi Baby Step,

I currently have a condo for sale in the East.

As for your question of whether to buy or sell first, there are really a lot of factors to consider and of course finance plays a big part in that decision. Please feel free to drop me a sms or call at 9858 1322 or email me at hengjeffrey@gmail.com if you need any help. No need to buy/sell house also can call. Thanks.

Jeffrey Heng
HSR Property Consultants Pte Ltd