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I am staying in a HDB 5-room flat and have a private condominium. I intend to sell my present HDB flat and buy one nearer to amenities, e.g. hospital, rehabilitation centre, supermarkets, etc. preferably within 5 minutes walk to MRT station. Besides, the purchase price, what other expenses do I need to incur? What is COV? Tks
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8 Answers

Good evening!

Other expenses would be the usual 3% stamp duty, there will also be Additional Stamp Duty, legal fees, etc.

Perhaps you could drop me a text or give me a call so that I can discuss with you further and explain in detail.

Look forward to hearing from you.

Bhavina
Senior Marketing Manager
ERA Realty

M: +65 91708295 
E: bhavina7777@gmail.com
W: investbuysellrent.com Read More
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Hi,

Do note that if you are purchasing another HDB, you will have to sell away both your current condo & present 5-rm hdb. It is not really advisable to do so since your current position of 2 properties is a comfortable position. Thanks and may I understand your plans further so to make better recommendations according to your requirements?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Hi,based on current rules. Once you sell your current hdb, you cannot purchase another hdb as you need to dispose your pte property.
Best Regards,
Tricia Tan 91442664  Read More
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Dear Sir/Mdm,

It will not be advisable to sell off your HDB while holding on to your condo unit as once you purchase another HDB, you will be required to dispose off the condo unit within 6 months.

You may consider to dispose off your condo instead, purchase another condo near amenities to stay and rent out your HDB.

Cash above Valuation is the amount of cash you need to pay if the purchase price is above the valuation price of the HDB. The amount is the difference between the purchase price and the valuation price.

Besides COV, you will need to pay:
- Stamp Duty approx 3% of purchase price
- Additional Buyer Stamp Duty 7% of purchase price
- Legal Fee $2000 - $3000
- Agent Commission 1% of purchase price

Please feel free to contact me for a full financial plan to help you plan better.

Nick Tan +65 9644 4854 
nicktan@propertyavenue.com.sg
B.Eng(Chemical)(Hons)(NUS)
www.nick-tan.com

Property Avenue Pte Ltd
Follow us on FB to receive 24/7 market information & update! ==> https://www.facebook.com/propertyavenuesg Read More
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Hi, because you own a condo, if you sell you hdb you can't back back hdb unless you also sell you condo.
To assist and advise you on the options to explore, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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YT Tan (陈永达)
Good morning buyer,

According to HDB regulation, you have to sell off your private property within 6 months from resale HDB completion thus it will be advisable to sell off your condo instead of your HDB. In this way, you can still purchase another condo that's within amenities and hold on to your HDB at the same time.

If you choose to purchase a private property,
your initial outlay will be as such (provided you can obtain 80% loan):

1) 5% cash downpayment
2) 15% CPF OA/ cash downpayment
3) estimated 3% buyer's stamp duty
4) additional buyer's stamp of 7% as SC
5) legal fees
6) stamp duty for mortgage

Hope my explanation helps!

If you need any assistance or advice in your property needs, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
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Afternoon,

As per your current situation, if you are looking at changing HDB unit, you will be required to sell away your condo as well once you collected keys for your resale HDB unit.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Hi,

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