6 Answers

Ivan Ng
Hi,

Are you taking a HDB loan for your current flat, and intend to contra and take another HDB loan for your new flat? If so, you must sell your current flat first before you can buy your new one. For Contra, your timelines must be managed carefully otherwise both transactions will not go through.

If you are taking bank loan, you can sell your HDB within 6 months of key collection to your new flat. Again, with current market sentiment, it might take 3-6 months to successfully find a buyer. Thanks and may I have the opportunity to assist with your marketing your unit?

Warm regards,
Ivan ERA
97432395
ivanng10@gmail.com
www.ivanng10.com Read More

0

Geryl Lim
Dear Adrian,

In today's market, it is advisable to secure a buyer for your place before committing to a purchase such that you will not be put under duress for the sales portion after committing to a purchase. Another note to take for such transactions will be the financial health of you as a purchaser, whether you can afford to pay for both mortgages if you decide to buy first and then look for a purchase for your sales unit. This could be taxing therefore do your financial assessment first and weigh out the different options. If you have not gotten your HLE/IPA done, it is advisable to do so first before embarking onto the sales and purchase process.

Let me know how my HDB resale team of consultants can come in to value add the entire process of sales and purchase.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

0

Angela Chua 蔡斯淇
Hi Adrian,

It is advisable to sell your flat first before committing your purchase. Feel free to contact me for further discussion on the procedures.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330 Read More

0

Tricia Tan 陈丽子
Hi.
if you have ample cash for the downpayment; you can go ahead with your purchase first. Otherwise in today market it will be advisable to sell first as now it will take at least 3months to sell of a unit.
Tricia Tan 91442664 Read More

0

Aaron Chong
Hi Adrian, due to the weak market sentiment, it is only advisable to sell your current unit first before you go on and hunt for your next dream home. As there are many unsold resale units in the market currently, is due to the supply and demand issue where there is a big influx of BTO being released by the government. I would be most glad to assist you further in marketing for sale of your unit and pls feel free to let me know if you need any assistance.

Regards
Aaron
97308455
aaronchong2774@yahoo.com.sg Read More

0

Joanne Chia 谢诗琳
Mr chew
Kindly contact me for a no-obligations chat for your property needs .
My charges are 1% comm for exclusive selling rights to your property .
Joanne chia
Hp 8333 3327 Read More

0