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Hi,

If you are taking HDB loan again for the EA purchase (eg. Flat B), there is a requirement to set aside 50% of the sale proceeds of your yishun flat (eg. Flat A) as well as to port over all the CPF you have utilized+accrued interest for Flat A towards Flat B. Also the monies in your current CPF OA will be fully withdrawn.

To minimize your cash outlay, it will be ideal if we can meet up to draw up a financial plan and understand your requirements further so you have the full picture and can know what to expect before committing to anything.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---

Translation from Mandarin:

We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.

We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.

We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.

--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---

Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.

In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.

He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services."

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)" Read More

Dear sir/madam,

Selling and purchasing a home is not difficult, nevertheless, is there a genuine need to upgrade since you have mentioned that cash is a concern. As what Ivan has mentioned, you will be required to set aside half of your cash proceeds from this sale to finance the purchase, therefore it is important to find out what your current outstanding loan amount is, total CPF utilised with accrued interest utilised for current flat and any miscellaneous fees to be paid to HDB to find out your estimated proceeds. If your existing HDB is purchased not too long ago, I reckon that the amount of cash proceeds may not be significant therefore careful planning is encouraged before you embark on this upgrade.

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

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Evening,

The major factor that would allow you to complete the transaction is good financial planning, timing and knowledge on the procedure.
Obtain the HLE figures and the amount of usable CPF monies will allow you to plan on what are the component that might require cash. This will also allow you to work within your budget.
With knowledge on the procedure, required timing and your seller's and buyer's requirement will help to minimize unwanted delay for the contra process. Placing the individual transaction in the correct sequence will make the flow of funds more effective.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

Whether there is any COV or not hugely depends on the valuation of the house.

Engage a professional agent who understands the market to negotiate on your behalf, and chances of COV will be minimised.

Also, you mentioned that you are cash strapped, but have you worked out how much cash you can get back after selling your 4RM HDB flat?

I suggest you do a sound financial plan with a professional before proceeding to buy or sell any house.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

What's most essential in the upgrade/downgrade process is the - financial cash computation and calculations. In these cases, it's always best to have a professional work out your financial cash projection, generation of sales proceeds and factor in the likely purchase price so that the process is smoothly facilitated and ensure you a tidy profit. Sometimes, being rookies and unfamiliar with the overwhelming process, a slight wrong decision can lead to paper loss and even actual loss!

What's also to note- in this weak market where resale units pricing are falling and are left on the shelves for months. Do you have the right medium to expose your property to throngs of prospects? Do you understand the own value of your house? Do you understand the valuation and exact transaction/sales in your block and surrounding vicinities?

All these play a part in ensuring you reap your profit and at the same time, enjoy the best of both world's. As agents, we have all the tools, skills and marketing strategies to help bring light to your plans. Sure there is a small fractional cost involved, but think about the thousands of dollar you can make on your sales and another thousands of dollars you can save on your purchase with the due diligence and negotiation skills of your agent. We represent your needs and fight for YOUR price! I always advise my clients to have a preliminary discussion to derive more information and requirements as well as share more on the market insights/ comprehensive marketing strategy of unit as well as take this as an opportunity to understand my working style.

You can always asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare and interest to get them the best possible deal.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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Dear Sir/Mdm,

In order to determine whether you need to fork out cash or not, I need to do a detail financial calculation for you.

There are many factor to consider such as monies to put back into your OA and timeline etc...

Feel free to contact me so that we can workout a solution together.

Regards
Johnny Goh
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 90906267 
Email: johnny.goh@orangetee.com Read More

Hi,

As you are planning to take HDB loan again for your EA at Woodlands, you may need to take into consideration that 50% of your cash proceed will be going back into your CPF and also CPF been used for + accrued interest for your current flat in Yishun.

May I have more details so that could add on value and minimizing your cash usage?

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!

Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627 
Email: sean_5832@yahoo.com Read More