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Hi,

My advise is to engage a professional banker to get an approval in principle done to understand the amount of loan you can get up to and coupled with the data on transacted prices in your area, add them up and see what is the price of condo you are looking at and whether it is achievable to purchase a unit which is in move-in condition without the requirement of renovation.

Typically, it will be more advisable to sell your HDB first and then buy a condo, as the transaction time required for HDB is typically longer than private condo.

Hope this helps.

Regards,
Geryl LIM
Real Estate Consultant
CEA Registration R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Evening,

Based on what you have described, the first things that you need to look into would be your financial. It would be good to work into the property that you would most likely be interested in and the possible selling price of your property.
It would be tough to do this, without the assistance from an experienced banker and property consultant.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi ! I would advise that you speak with a salesperson on your financial plan 1st. From there, the salespersons will be able to advise you on the options you have.

I would love to assist you in the queries you have. Do feel free to contact me at 91472289  . No obligations.

Look forward to hearing from you.

Thank u !

Regards

Jessie
Regn no R029969G
Dennis Wee Realty Pte Ltd Read More

Hi, your situation is quite a common case us agents have to manage.

There won't be any problem as long as the scheduling is done properly.

You may like to call up one Of us, and meet up to draw up a financial plan. :)

Marcus Luah 91899935  :) Read More

Hi,

As one of the agents here mentioned, yours is a very common problem so no worries on this. The deciding factor on whether to buy first or sell first will depend on your financial situation as a whole. Things that will directly affect your choice will be your CPF in your OA account and your cash on hand before selling your HDB, any existing loan for your HDB and also your age. We will also need to talk to a banker and see how much money can we loan from the bank.

In an ideal situation, I will advise you to sell first. The reason is very easy, only when the Option is signed, then selling price is confirmed and you know how much you have earned and when you offer for a house, you will also offer with a more ease of mind. If you buy first and you offered for a house at a certain price but end up the selling price of the HDB cannot reach your expectation, will these cause some financial issues? Moreover after you have bought your property, you will be more urgent to sell and this may compromise the selling price.

Do take some time to meet up and I can explain this to you in more detail. Looking forward to hear from you soon.

Yours Sincerely,

Jeffrey Heng
Associate Director
HSR International Realtors Pte Ltd
CEA Registration No : R006699D
Mobile : +65 9858 1322 
Email : jeffreyhengcm@HSR.com.sg
Website : www.jeffreyheng.com Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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