9 Answers

I can assist you with the matter. Our team is highly trained in HDB homes.
To discuss more Please contact me on 94513474  .

Don Sidhu Read More
Hi, appreciate your sharing. Able to check with banker how much can you loan and check with CPF board how much CPF can you used.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Stewart-PropNex (Senior Associate Division Director) Read More
Is your co-owner also a SPR or Singapore Citizen?

We will need more details like whether you have any outstanding loan for the current property, the estimated selling price of this property as well as the estimated purchase price of the next property in order to work out the feasibility. In addition, why are you looking to change an existing 4 room flat to another 4 room flat?

I have been in the real estate business since 2009, with more than 14 years 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,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0


Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
Hi Sir/Mdm,

It is possible to sell the current 4 room flat and purchase another 4 room flat. However, it is important to calculate and find out how much sale proceeds that you can get back from this sale and together with the loan that you are eligible for and the CPF refund, what is a comfortable price to purchase for the next flat.

You are not allowed to use your special account for the purchase of flat. Based on your age and income, your eligible loan should be about in the region of 190k.

Please feel free to contact me so that I can understand your requirements better and provide you with further assistance.

Nick Tan
(M) +65 96 44 48 54
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020/2022/2023
Visit my website to know me better: www.nicktan.com.sg
WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1
I was featured recently on Council for Estate Agencies (CEA) Newsletter:

I have written a guide on buying Residential Property:

Testimonial from Satisfied Clients
“We have the privilege to work with Nick on our recent house purchase and we are extremely grateful for all the help he rendered to make the purchase a seamless experience!

Nick is attentive to all the requirements we have for our purchase and in the short span of time, he was able to provide us with potential shortlisted units that meet our criteria. (A big lifesaver for family with young kids and limited availability!) When conducting a viewing, Nick is highly proactive as he can be seen taking notes, asking questions, checking the conditions (that we missed or never thought of) and etc.

Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.”

Jeannie & Victor (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“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) Read More

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
First and foremost, you need to do a HFE with HDB directly. Then, HDB will let you know all the details you are seeking. Once you have that, it is then easier to get things done. I can help you with the rest.

Please contact me so that I can be of further assistance.

Elan Govan
MABA (Lancaster)
www.goodpropertiesguide.com Read More
Robbie Chen Chee Howe

Yes, this is possible. Is your co-owner also SPR or Singapore Citizen?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
My Answer with regards to your Question:

Here's an estimate to help you with your HDB flat situation, but it's important to note these are approximations:

Selling Your Current Flat:

Estimated Selling Price: It's difficult to provide an exact selling price without considering factors like location, floor level, flat size, and renovation condition. However, you can research similar 4-room flats in your area recently sold on HDB's website (https://services2.hdb.gov.sg/webapp/BB33RTIS/) or PropertyGuru (https://www.propertyguru.com.sg/) to get a general idea.

CPF Usage: Upon selling your flat, the CPF used for your initial purchase and any housing grants received will be returned to your CPF Ordinary Account (OA).

Estimated CPF:

Current CPF: You mentioned having S$170,000 in your CPF, likely including the CPF used for your current flat's purchase.

Returned CPF: After selling, the CPF used for the downpayment and any grants will be returned to your OA. Let's assume (hypothetically) this amount is S$100,000 (actual amount may vary).

Total CPF (Estimate): After selling, your CPF OA would be approximately S$170,000 (existing) + S$100,000 (returned) = S$270,000 (estimated).

Buying a New Flat:

Downpayment: HDB requires a minimum downpayment of 25% of the purchase price for resale flats.

Eligibility for Loan: Your age (51) and monthly salary (S$4500) might affect the maximum loan amount you can qualify for from HDB or a bank. You can use HDB's affordability calculator (https://services2.hdb.gov.sg/webapp/BP27MaxLoan/BP27PMax1.jsp) for a rough estimate (consider it a starting point, not a guaranteed amount).

Using CPF for New Flat:

CPF Usage: You can use your CPF OA savings for the downpayment and monthly mortgage payments for your new flat.

Important Considerations:

Eligibility for Grants: Your eligibility for CPF housing grants for your new flat purchase may depend on factors like your income, citizenship status (PR), and family composition. Check HDB's website for details (https://www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility).

Additional Costs: Remember to factor in additional costs associated with buying a resale flat, such as agent fees, valuation fees, legal fees, and renovation costs.

Allow me Assist Further Read More
Tan Pei Cheng (Pei)
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://r011838b.propnex.net Read More