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Hi SF,

Yes you need to wait out 30 months after disposal of private property before you can apply new EC. There are also other eligibility conditions to fulfil such as income not to exceed $16k, have not purchase more than 2 subsidized flats, and sc spr household.

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

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-- 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.

-- 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. Read More

Hi SF LIM,
The idea of investing is good. But, selling the property off within a few years, one has to watch out for SSD (seller stamp duty). This is applied on a reducing basis over the 1st 3 years of purchase. 1st yr - 12%, 2nd yr - 8%, 3rd yr - 4%.

So, paying a hefty 17% ABSD and selling it within a few years, one may not see any real gains. So, you may want to tweak your strategy a little.

Please contact me so that I can understand your needs and fine tune your strategy.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hi SF,

For disposal, it is advisable to dispose only after 3 years to avoid the Seller Stamp Duty. For a new EC, yes you will need to sell the investment property and wait out a 30 months period before you are able to apply as a 2nd timer. Do note that 2nd timer resale levy will apply as well if you had taken the grant when purchasing the first HDB flat.

I have assisted my clients in their investment journey. Please feel free to contact me so that I can understand your situation and propose some possible options for you.

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
Visit my website to know me better: www.nicktan.com.sg
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I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“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

Hi SF,

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 the 30 months will apply to you if you are planning to purchase a new EC right after selling your condo unit. But if it is a resale EC, you could make the purchase right away and need not observe the waiting period.

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

Der SF,

Based on the existing guideline, you are right. The question is why are you not looking to apply for EC now instead of waiting for another 3 or more years while EC prices still have significant gap with private new launch? Also, no ABSD is applicable except for potential resale levy is you are considered a 2nd timer.

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
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi SF,

1) It seems you intend to have a quick flip to gain capital appreciation.
2) From my research it is true that the majority of developments launched in 2017 & 2018 are gaining around 10% capital appreciation at TOP.
3) While digging further, it is clearly shown that 5 yrs upon MOP can get even a higher capital appreciation compared to at TOP.
4) The question is whether this is in line with what you had planned in the period of holding.
5) Let's say in order to get the highest capital appreciation from a single purchase, you have to plan to hold for around 8 yrs (3 yrs to TOP, 5 yrs to reach peak).
6) Because you also mentioned that you intend to buy a new launch EC after selling this investment.
7) So it will be 8 yrs + 2.5yrs = 10.5yrs before eligible to apply for EC.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, 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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi

Yes you are right. You have to dispose off your private property investment and serve a wait-out period of 3 months before being able to apply for an EC. In addition, you have to sell off your HDB 6 within 6 months after completion of your EC which raises a question on whether your willingness to pay ABSD now is worth it. My service for purchase of private property is 100% free. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More

Hi SF

Buying:
1. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.

2. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.

3. How many bedrooms are you looking at and which area you prefer?
To check out project: https://96608508.eraagent.sg/projects
I have current price list, promo of every projects in Singapore and will be glad to advise you
No agent fee from private property buyer

Selling:
- It is advisable to dispose your property after 3 years of purchase so seller stamp duty not applicable
https://www.iras.gov.sg/taxes/stamp-duty/for-property/selling-or-disposing-property/seller%27s-stamp-duty-(ssd)-for-residential-property

Based on the existing guideline, the 30 months waiting will apply to you if you are planning to purchase a new EC right after selling your condo unit.
For resale EC that has fulfilled MOP, you could make the purchase right away and need not observe the waiting period.

Alternatively you can consider to apply for new EC now
Also, no ABSD is applicable for buying new EC except for potential resale levy is you are considered a 2nd timer.
There are a few EC that you can consider:
https://96608508-north-gaia.eraprojects.sg/
https://96608508-copen-grand.eraprojects.sg/
https://96608508-tenet.eraprojects.sg/
Let me know if you keen to view, will be glad to bring you around

I will be glad to assist, I am well versed in EC and private property and has done many transactions
I hope the above clarifies, please feel free to contact me at (65) 96608508  so I can explain further
Appreciate if you can contact me at (65) 96608508  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

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Read More