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Hi,

The 6 month period to dispose the private property is a requirement for purchasing the HDB resale, hence if there is still difficulty to find a buyer after the period lapses, you may wish to appeal but usually it requires some evidence of documentation such as thorough marketing efforts done and viewings completed to show that there was a commitment to get the place sold at a reasonable market rate, in order for any appeal to be considered, and this is also no case by case basis.

The private property can continue to be leased out but may deter certain group of buyers, for example those buying for own stay, from buying as they required certain timeline for the place to be handed over. With the tenant staying, it may also pose difficult for doing viewings and also it may not always be in a good presentable condition. After all, part of property purchase also involves a subjective emotional element.

Yes, as long as you are buying a hdb that can last you until 95 years old, CPF OA can be utilized for the purchase without any restrictions. However, depending on the valuation, some cash may still be required. There are no other fees for holding on to both concurrently, but the buyer's stamp duties for the HDB needs to be paid before you can complete the transaction.

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

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-- 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. Read More

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

Hi Sir/Madam

I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Dear Sir/Mdm,

Let me try to address your concerns.

1) If you are not able to sell within 6 months, you will have to obtain an extension from HDB. HDB will require you to submit supporting documents to show that you have been actively trying to get a buyer, documents such as the Engagement Agreement with an agent and the advertisement of the property etc.

2) If the property is tenanted, you may continue to lease. I would not advise starting a new one as a property with tenancy will be harder to sell.

3) Yes you may use all your CPF in your OA to finance your HDB flat provided you are under the age of 55.

4) There will not be other fees. It is just that you will be serving the loan if any for both property and liable for the property tax, out of which one is not on owner occupied rates which is lower.

With a comprehensive marketing plan, you should be able to find a buyer within the 6 months period. I have assisted clients who are in a similar situation before. 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

Visit my website to get to know me better:
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“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.
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“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.”
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“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

Hi

Let me address your concerns.

1. You may write to HDB to appeal for an extension if the HDB flat is not sold within 6 months. However, please note that the approval is based on a case by cases basis. Having said, it does not mean that you will get another 6 months extension. So, the question is how do you get your HDB flat sold within 6 months?

2. Selling with tenancy is great. However, the reality is that tenant does not want the uncertainty and will will refuse viewing appointment.
3. There will be other expenses where cash is needed.

You may text 9620 0827  for a casual chat.

Regards

Gavin

Regards

Gavin Read More

Dear sir/mdm,

Extension of the time frame to sell the private property after taking possession of the HDB flat is subjected to case by case approval. If there is evidence of sales and marketing efforts done at fair market pricing but have no offers or significantly lower offers that a fair market pricing, the probability will certainly be better.

The key is that selling a private property usually will not take more than 6 months unless significantly over priced or there are plenty of other units to choose from by the prospective pool of buyers. Understanding the past transactions will allow the whole marketing campaign to be done more effectively and efficiently.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi,

The rules states that you will need to dispose off all interests in residential properties (local and overseas) within 6 months upon the HDB flat purchase.

A failure to do so, you will need to appeal to HDB for an extension. You will need to provide them proof of marketing (at the right price), with full documentation on viewings and all offers received. An extension may be granted on a case-by-case basis.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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