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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, once you have balloted for a BTO flat successfully and a few months before collecting the key, you could then start to engage an agent and to market your existing flat.

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

Hi,

You can sell off the first flat within 6 months of key collection to the new BTO flat. If you do not have the downpayment of 10% for the purchase price, then you probably need to sell off the existing flat.

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)
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ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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Contact: (+65) 97432395 
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Hi

You are allowed to sell your flat maximum 6 months after collecting the keys to your new flat. However it is important to ensure if you have the sufficient funds to pay for the 10% downpayment (for HDB loan) or 20% downpayment (for bank loan) during the signing of lease agreement. If you choose to sell your flat after key collection, you must also ensure that you have the funds to finance the balance payment. In order to advise further, I will need more details in regards to your profile. I am well versed in HDB transactions. 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,

1) The latest time that you need to sell your first flat is within 6 months upon key collection of your BTO.
2) Do note that you must be able to pay the minimum downpayment and receive a sufficient loan to cover your BTO in order to sell at a later date.
3) If you are using the 2nd HDB loan, 50% of the cash proceeds from your sale will be deducted to pay as a down payment of your BTO.
4) If you are using a bank loan, you will have to prepare a 5% cash of the purchase price, and 20% can be either cash and/or CPF as a down payment.
5) This is assume you are able to obtain the 75% mortgage loan of the BTO price.
6) If you need the sale proceeds with your BTO purchase, you can apply for a bridging loan to assist in the transition process.

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

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Hi,

The latest you can sell off your first flat would be within 6 months upon the key collection of 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. 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