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Hi, 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.

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

Good afternoon,

Unfortunately no, you will have to cancel the BTO application should you choose to purchase a condo or EC now. After collecting the BTO keys, you need to sell away the current HDB within 6 months and wait out a 5 year MOP stay period before you can buy any private property.

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

ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
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SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- 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.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!

-- HDB Hougang 4-RM Sellers Mdm. Ng & Jean --

Ivan was the first and only agent that we met before engaging him as our exclusive agent. At the first meeting, Ivan meticulously went through the entire sale process. As we were not familiar with the procedures, he spent extra time to explain what was required from us and what we should Read More

Hi
In order for you to purchase an EC, you need to cancel your BTO application. After purchasing a BTO, you need to to wait for a MOP period of 5 years before committing to purchase any residential properties in Singapore. Do contact me at 93375051  for a free and non obligatory consultation on this. I strive to provide the best solution to ensure you make an informed decision in accordance to your needs.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi you need to cancel your BTO to purchase condo/EC. Do contact me at 97970200  to discuss more on which option is more ideal for you

Mark, your RIGHT choice
Propnex Read More

Dear Sir/Mdm,

Unfortunately, you will not be able to a condo or EC before the key collection. After you have collected your keys to the BTO, you will need to wait for 5 years before you can buy a condo or an EC.

Please feel free to contact me if you need further assistance.

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:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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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)

“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) Read More

Dear Sir/Mdm,

As there is a Minimum Occupation Period (MOP) of 5 years for your BTO, you will not be able to purchase the condo or EC. You can only purchase the condo or EC, after fulfilling your 5 years of MOP. If you are planning to buy a brand new EC, do note that the brand new EC will also have a 5 years MOP.

During this period of the SG circuit breaker, although real estate services are considered non essential and realtors like myself cannot go outside to meet friends and clients, I am still offering non obligatory online consultation. So please feel free to contact me and we can set up a time to have a video session to discuss on your situation.

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
Web : www.sgpropertyadvisers.com

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Hi,

You are not alone on this. Many had raised this question before.
HDB is meant to provide a roof over head for eligible residents so that even under most critical state of their life, they will still have a roof above head.
Private residences & EC prices are mainly dirven by market force on their ups and downs. So by selecting private & EC is a way to realize asset progression. Of course, they have also bear with the risk involved.

Our government ensure that everyone has a chance to realise their retirement plan and also to take care of the less literacy to have the minimum safety net.
In order to balance this, TDSR was implemented to ensure affordability to those who wish to take a leap in their life. At the same time, to protect them from over-stretched.

According to the past years private residence transactions, the numbers of owning by local are always hovering around the same level; 80+%.

Under your current situation, you are trying to have a minimum roof over head and also a chance to step into asset progression.
This is not allowed unless you fulfill certain conditions laied by HDB.

1) As per current state. Staying in HDB 4 room for more than 10 years. You are in a position to invest in private residences, as you fulfill MOP (Minimum Occpancy Period of 5 years).
2) Now waiting for BTO; meaning you are lucky to purchase a subsidized residence from HDB. You had already sign an agreement with HDB that you do not own any private property before HDB grant you the chance to ballot in a BTO exercise.
3) You might be aware that you are to dispose any private residence/EC for 30 months if you wish to apply for BTO. Meaning you are not allowed to own any private property prior to receive your BTO key.
4) After receive your BTO, you will have to fulfill 5 years MOP before eligible to purchase a private residence. To note that you are subject to 12% ABSD (Additional Buyer Stamp Duty) for the 2nd property, and 15% for the 3rd.
5) The only exception to apply for ABSD remission is the next property you purchase is a matrimonial home. This is also only applicable if one or both of you are Singapore Citizen.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.facebook.com/Homesellerbuyer

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