To upgrade from a HDB unit to a condo, you may need to take into consideration the following important issues:
1. Work out a financial plan and ensure that you are able to afford the 3 bedroom unit comfortable especially when you have 2 young kids. You will need to take into consideration your eligible loan amount, sale proceeds from the sale of your HDB flat and the CPF and savings you have. With this figures, you will be in a better position to determine whether it is a good move.
2. Timeline planning. One Pearl Bank will take some time to complete and therefore you will need to plan for an interim housing solution if you wish to avoid paying the ABSD. As part of your budget, the cost for the rental place will also need to be taken into consideration.
I have assisted many of my clients to upgrade from a HDB to a private new condo smoothly and seamlessly. Please feel free to contact me so that I can understand your situation and requirements better before I assist you further!
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
SEAA Salespersons Achievement Platinum Award 2020
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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.
Weilun & Benita (Property Seller)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)