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Good morning,

You should be financially capable to upgrade to a 2 beds up to $950k. In the assumption that you are up to 35 years old and eligible for max loan based on your income and sales proceeds inclusive of refunded CPF OA funds and sales proceeds.

If you need the funds from sale to finance purchase, we need to sell first (buyer exercises OTP). If not you will be hit by ABSD for purchasing first and this amount wont be REFUNDED as you are buying as a single SPR.

Perhaps we can meet to discuss your options and see how the plan can be improved further.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi, appreciate your sharing. We are able to meet up to have a better understanding, so that able to do a breakdown for you.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Upgrade or not, it is not a straightforward decision. Is this upgrade due to lifestyle where you need a bigger apartment or due to increase in number of people in household? Note that you will be required to pay Additional Buyer's Stamp Duty for the property you intend to purchase as well, therefore it is important to sell first before purchase as there is no remission for SPR even if you sell it within 6 months from purchase unlike Singapore Citizens household. There are alot more considerations therefore without knowing what your plans and objectives are, it is very difficult for us to say whether you should upgrade or not.

I have been in the real estate business since 2009, with more than 13 years 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 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
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it looks like you are financially capable to go for a 2 bedroom and have you spoken with a mortgage broker yet?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Sir/Mdm,

It is always good to upgrade to a bigger unit if it is within your comfortable budget. This is because the potential for appreciation for a bigger unit is higher and it is easier to sell in the future with a bigger pool of potential buyers.

We should plan the sale and purchase together so that you can avoid the need for paying the ABSD for a 2nd property and more importantly be able to transit from one property to another without the need for an interim place to stay since the rental is high now.

I have assisted many of my clients to transit smoothly and seamlessly when they upgrade. Feel free to contact me so that I can understand your situation better and hep you draw up a transition plan.

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

SEAA Salespersons Achievement Platinum Award 2020 / 2022

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Hi
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

Hi,

Yes it is better to sell off first before you commit to the next purchase, otherwise the ABSD will be based on the higher rate of 25% .

Assuming you are 35 years old and below, you should be able to loan up till $679k based on the info shared. You should be getting approx 390k back in cash and CPF refund after the sale. This plus the 679k loan will mean a 950k condo is possible.

I have helped various homeowners to successfully sell of their 1 bedroom to upgrade to a bigger unit. They have left many good reviews. Look forward to do the same for you as well.

Hope the above clarifies. May I have more info and requirements about your plans so as 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

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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Condo Seller Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.

Condo Seller Andrew : Ivan understood there's urgency to sell my private property too within the given timeframe, provided me with assurance and solutions. When the sale of my private property commenced, it was during the Covid-19 pandemic period; whereby, only 2 unique visitors were allowed to view the property on any given day. Notwithstanding this, Ivan somehow managed to arrange many viewings in the weeks ahead & from time to time, he would also update me on the viewers' feedback (if any), after their viewings. My place was eventually sold within 5 weeks only from the commencement of its marketing (which was well ahead of the 6 months deadline that I had to meet). Most importantly, my property was sold close to my asking price & frankly, this too, exceeded my expectations!! Kudos to Ivan, for the effort & hard work he put in Read More

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

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