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I applied for a brand new EC that's going to TOP in 2018 and applied it under my dad and my name (family nucleus). But my current house has been in the market since April and still no buyers or the offers are way way below evaluation.

What should I do? Should I risk it and continue to try to sell my house in the next 6 months or forgo the EC (there's a chance for me to get my deposit back because HDB has yet to approve our eligibility)
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8 Answers

Hi, with regards to the statement about getting your full deposit back, can I suggest that you double confirm with the developer first cos the moment HDB approves your application, you would not be getting any advance notice and would not be getting a full refund should you decide to pull out.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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  • DL
    HDB has not approved yet and they are asking me to think it through.
Good afternoon,

In general, HDB will not refund the deposit made by prospective EC owners if they are not able to finance the unit due to any unforeseen circumstances.
Based on your statement, I would deem that either there was a miscommunication on the piece of information that you have on hand or you have some concrete documentation to support your understanding.
You had indicated that offers that came in was way below valuation. Have you reviewed the possible reason behind it? Is your unit located at an inaccessible location? Is the condition of your unit acceptable? Is it facing west or are there any ethnic restriction to your unit? Is the balance lease less than 60 years?

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

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

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Hi.I would love to assist to sell off your hdb. Do reach me via 91442664  for a detailed discussion as I have solutions to help clients who face issues selling off their current property.

Best Regards,
Tricia Tan
 9144 2664  Read More
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Hi.I would love to assist to sell off your hdb. Do reach me via 91442664  for a detailed discussion as I have solutions to help clients who face issues selling off their current property.

Best Regards,
Tricia Tan
 9144 2664  Read More
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Tan Pei Cheng (Pei)
Hi Mr Owner,
Can I have more details to assist ur HDB selling.
U can contact me @ 97100155 
Pei Propnex Read More
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Dear Sir/Mdm,

I would encourage you to try to sell your HDB and not give up on your new EC. If there are no offers after 6 months in the market, then maybe it's time to examine what is wrong with the marketing strategies. Is it a matter of the property is priced wrongly or simply not enough marketing efforts are invested?

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

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nicktan.com.sg

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