9 Answers

Good morning,

We can do both the sale & purchase concurrently, but if you have particular requirements for the 5 room flat I would suggest to focus on the purchase first, if the finances permit.

If you are taking 2nd hdb loan, half of your cash proceeds will be set aside for your next flat and your CPF OA will be fully utilized again for the next purchase. If you are taking bank loan, its a minimum 5% cash component.

Every family situation is unique hence it will be ideal if we discuss further and plan a more detailed financial plan for the upgrade from the onset.

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
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Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

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My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More

The decision to buy first or sell first will depend on 2 factors.
However, we will need to understand your financial aspect of sales and purchase.

I can do a Proforma Financial Statement for your reference. Kindly text 9620 0827  to meet up.


Gavin Read More

1) Whether to buy or sell first is dependent on individual needs, unfortunately there are no straight answer.
a) To buy first, you will faced with 6 mths period to dispose off current flat.
b) To sell first, you might need temporary accommodation before finding your next home.
You have to timed it correctly on the sales and pruchase process so that you have minimum hassale.

2) Financial aspect:
a) If your current flat is using HDB loan, by applying 2nd HDB loan, you are subjected to "Right-Size" policy:
Sales proceed <$50k, you are allowed to keep $25k, the rest will be use for the next flat purchase.
Sales proceed >$50K, 50% of the sales proceed has to use to pay for the next flat.
(ii) You may loan up to 90%
(iii) You may retain max of $20k in CPF and use the rest for the purchase.

b) Bank loan:
(i) Min 5% cash for the purchase.
(ii) Max loan amount is 75%.
(iii) 20% can be pay in CPF and/or cash.

Suggest to engage an agent to discuss on your plan so that you are well aware of the process and make the right decision.

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

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Robbie Chen Chee Howe

If you have the funds to purchase first, you can do so. Afterwhich you can sell off your current HDB within 6 months of your 5RM flat purchase.

If you do not have the funds or need the funds from the sale of your current flat, you will have to manage the timeline properly, to ensure that you enjoy a smooth transition to your new place.

I am experienced and well-versed in HDB resale transactions, and I have helped many of my clients transit smoothly to their new homes.

I will be able to assist you in your upgrading 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 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
Dear sir/madam,

I can see that you have quite a number of questions to be addressed.

I have been in the real estate industry since 2009, dealing mainly in residential properties like HDB sale and rental and I am equipped with the necessary skills set and knowledge to assist you in the upgrading process, on top of the experiences gained in assisting clients in the past in similar situation as yours plan out their real estate needs.

It will actually be very helpful to have a good discussion with you to understand your plans better, especially so if you have specific niche requirements in your next flat where you may face issues in terms of finding a suitable flat should you decide to sell first. On top of that, in terms of loan, there can be potentially more flexibility in terms of liquidity should you opt for bank loan, but it will greatly depends on the financial figures we can work out in order to understand which loan option can allow you to have better fluidity.

We can be contacted in private through our mobile or email as attached below for further discussion. As we are not alerted to any responses posted here, do get in touch with us in private.

I look forward to hear from you soon. Have a great weekend ahead!

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Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
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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 weekend ahead. By the way, can I have more info of your flat and unit detail so that I can find out about the unit value on your behalf alright? And generally it takes about 1 to 3 months time for a unit to be sold.

 9730 8455 
aaronchong2774@yahoo.com.sg Read More
Dear Sir/Mdm,

This is a common dilemma faced by a lot of HDB upgraders. It is possible to either sell or buy first. If you choose to buy first, you will need to prepare the 5% cash payment and about 23% CPF (or cash) for the purchase. The balance 75%, you can take a loan. After you purchase, HDB will give you a window of 6 months for you to sell your flat.

For HDB, it is now a buyer's market and therefore I will recommend my clients to sell first and then buy. This is so that they can able to minimise their cash outlay and not limited by the 6 months windows to sell. With careful planning, selling and buying can be done concurrently and seamlessly.

Please feel free to contact me so that I can understand your situation better and draw up an upgrading plan for you!

Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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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) Read More
Joanne Chia 谢诗琳
Good day Sir / madam .

I am NOT able to contact you directly as i do NOT have your contact.

Kindly contact me Joanne Chia at my handphone +65 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents ) .

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Handphone +65 8333 3327  Read More