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Hi,

Yes the existing balance CPF OA can be used for the stamp duty and conveyancing, it should be able to cover sufficiently. For enhanced hdb contra facility, however, bank loan cannot be involved.

I have worked on various contra cases and would be happy to share the best approach for your transition. It is important to coordinate the timeline properly so that a smooth transition to your next place can be ensured.

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

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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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.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!

-- HDB Hougang 4-RM Sellers Mdm. Ng & Jean --

Ivan was the first and only agent that we met before engaging him as our exclusive agent. At the first meeting, Ivan meticulously went through the entire sale process. As we were not familiar with the procedures, he spent extra time to explain what was required from us and what we should expect.

After a week of preparation, Ivan came to take photographs, and once the advertisements were up, we had interested parties coming to view the apartment the very next day. Within a week, we had secured an offer from the buyer. Ivan was reliable and responsive, and he made the entire process smooth and hassle free

-- HDB 5-room sellers Mr. Tan and Mrs. Tan --

I would like to thank Ivan for the astute and meticulous advice he has given my family and I regarding the process of the sale. He handled all the relevant documentation efficiently and was extremely clear about the minute details of the case. The amount of effort he has put into negotiating the terms according to my favor is impeccable. Overall, we are pl Read More

Hi

Yes you can use your balance OA to finance for stamp duty and legal fee under enhanced contra facility. I am specialised in HDB transactions. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd 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. By the way, yes you could use your balance in your OA to pay for the stamp duty.

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

Dear Sir/Mdm,

Yes you may use the 30k balance in your CPF OA to pay for the stamp duty and the purchase. If you are purchasing near your parents or married child, you may be eligible for Proximity Housing Grant (PHG) as well.

To make sure of the Enhanced Contra Facility, we will have to plan the sale and purchase concurrently so that your cash flow can be seamless, your cash outlay is minimise and most importantly you will not need an interim place to stay during the transition.

Therefore, it is always recommended to plan extensively before you proceed with the process. I have assisted many of my clients to make use of contra for their HDB sale and purchase. Please feel free to contact me so that I can understand your situation better and draw up a transition plan 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
Visit my website to get to know me better:
www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

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)

“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 dealin Read More

Good morning Sir/Mdm,

Basically if we use Enhanced Contra Facility, the cash portion is pretty easy and straightforward. I realised you mentioned that CPF proceeds from the sale of the house cannot be used, may I ask who advised you on that?

As to your question of whether can your current CPF OA balance be used, the answer is yes, it can be used. What I can suggest is that we can actually meet up for a chat and I can help you with a financial calculation. No worries as there are no obligations at all. After that I will send you the PDF copy of the calculations and you can keep it for your reference. This step is very important as you are doing a sale and purchase at the same time meaning 3 parties are involved.

I work very closely with my partner who is also my wife so maybe just to share a little about us. We have been in this business for more than a decade and we have served many clients over time. Many of them are now our friends and many have also left testimonials for us for our service rendered. Both of us have always believe that our property is probably the most expensive thing that we have bought in our lives and hence any agents handling the houses should really uphold the clients' interest in top priority. Thanks to the many kinds words from our clients, both of us have been interviewed by Council of Estate Agents (CEA) before and we have been featured in their newsletter for Great Client Service. Personally I also won the SAEA Best Client Service Silver Award before as well. We believe that we will definitely be able to provide some good advice to you and hopefully we will be able to provide the same level of client service to you and hopefully even better. You may also read our clients’ testimonials for us from the links below.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com

Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
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* Words From Clients - https://www.sgpropertyadvisers.com/testimonials *
* Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc *
* Check Out My Team Mates’ Testimonials Video Here - https://youtu.be/SmdXkgREVOU * Read More

Hi,

Yes, you will be able to use the monies in your CPF-OA to pay for the stamp duties.

Do take note that in the case of Enhanced Contra, half of the cash sale proceeds need to be plough back into your new purchase flat, and you will also be able to use the CPF refund from the sale of your flat to pay for your new flat.

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