8 Answers

Ivan Ng

It depends on whether you are doing the purchase or sale first, but typically I would advise the client to do both concurrently so you need not come up with too much funds on the onset. The main costs will be the option fee and exercise fee which total up to $5k cash.

TDSR will apply as its a calculation method to ascertain how much loan you can take. I think what you meant is the Loan to Value ratio? It will not be considered as 2nd loan as its understood you are required to sell off the current HDB, hence max loan 75% is still possible. ABSD also does not apply due to the above understanding as well.

I have worked on various similar cases and would be happy to assist with the optimal approach on how to go about with this upgrade and transit smoothly.

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)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

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

Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- 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.

-- 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. Read More


Aaron Chong

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, it is advisable that we do the selling first and then followed by the purchase.

9730 8455
aaronchong2774@yahoo.com.sg Read More


Nick Tan
Dear Sir/Mdm,

Let me try to clarify your doubts:

1. If you purchase the 4 room resale flat before you sell off the 5 room flat, the upfront monies will be more as you will not be able to utilise the sales proceeds and CPF refund from the sale to finance your purchase. If you wish to minimise the cash outlay, I would plan it in such a way that the sale and purchase to be done concurrently and back to back.

2. For HDB loan, the calculation is based on the Mortgage Servicing Ratio MSR, which is based on 30% of your income. Your current home loan will not affected your 2nd home loan because for HDB, you are required to sell off the current one within 6 months from the date of completion of the purchase.

3. When you switch from one HDB to another, there is no need to pay any ABSD and therefore you do not have to worry about this part.

Moving from one HDB to another need meticulous planning in terms of the timeline and finances so that you are able to transit smoothly from one home to another with minimal cash outlay and not need any interim place to stay. I have personally assisted many of my clients who are in the same situation to transit smoothly and seamlessly.

Please feel free to contact me so that I can understand your situation better and draw up a transition plan for you.

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:
I was featured recently on Council for Estate Agencies (CEA) Newsletter:

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 pat Read More


Robbie Chen Chee Howe

If you're looking to purchase your next flat before selling your current flat, you will need to prepare minimum 25% (of the property purchase price/valuation price) downpayment, with at least 5% in Cash. This is assuming you qualify for the max 75% loan, and also excludes any potential COV (Cash-Over-Valuation) of the flat you're purchasing.

Both TDSR and MSR applies when purchasing a resale HDB flat. LTV (Loan-to-Value) remains at max 75%.

ABSD (of 5%) is only applicable if both you and your spouse are SPRs. If there is a Singapore Citizen in your family nucleus, you do not need to pay any ABSD.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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


Gavin Ng

You may text 9620 0827 for a casual chat to clarify your concerns. We can share with you the transaction process, timeline and an estimated financial statement for discussion.

Warmest regards

Gavin Read More


Ling CK

1) Upfront money:
Using Bank loan: 5% cash, 20% CPF and/or cash, 75% loan-to-value.
Use HDB loan if applicable: 10% CPF and/or cash, 90% loan-to-value.

The minimum cash needed is $5,000 for the OTP deposit.

2) HDB flat is under the MSR mechanism to calculate how much loan you can get. This is similar to TDSR, it is just a lower amount.
Your current loan does not affect the loan amount you may receive because you are upgrading from HDB to HDB.
They know that you have to sell off the current once you bought a flat.

3) No ABSD as well, same reason as (2). This is also applicable if you are buying a new launch EC.

4) As long as you are able to have sufficient funds for the upfront amount, you may go ahead with your home hunting.

5) However, if you want to know exactly how much you need to prepare upfront. It is better to consult an agent to assist in detailed calculations such as legal fees, buyer stamp duty, caveat costs, etc.

Hope the above answer to 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

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


Taufik Hussein

To answer your question:

1) Depends on whether you are taking a HDB loan or bank loan for next purchase. With COV becoming a norm for HDB nowadays, it is difficult to estimate your exact initial cash outlay before securing a house. Assuming the house you purchase has no COV, you need to come out with at least 5% cash on the valuation for bank loan while deposit of a maximum of $5k is required for bank loan. CPF outlay is 10% on the value of the flat for HDB loan and 20% on bank loan.

2) TDSR won't be affected for HDB to HDb transition.

3) No ABSD is also incurred for HDB to HDB transition.

I am well specialised in HDB transactions and have assisted my clients in a smooth transition to their next house by timing the sales and purchase transactions nicely without needing a temporary place of stay. Most of them even get to use their funds from sales of the property to finance the next house. Do get back to me at 93375051 for a free and non obligatory consultation on this.

Taufik Hussein
ERA Realty Network Pte Ltd Read More


Silvia Yang
Hi Sir/Madam

I will be glad to assist
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