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Hi,
My input,
1. The initial down payment will be 20%, 5% cash and 15% cash + CPF.
2. As you had enjoyed the subsidy flat in your fist purchase of HDB, no more grant from HDB.
3. Since your current flat was purchase from HDB, purchasing a new EC will incurred resale levy. But you can avoid by choosing EC launched earlier.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Typical breakdown for hdb upgrader to EC as follows:
Cash 5%
Cpf 15%
Max bank loan 80%
Stamp duties + legal fees approx 3%

You won't get any grant as a 2nd timer. Resale levy depends on which EC project you purchase, some projects have NO resale levy applicable. If there is, you will be liable for 45k resale levy.

Thanks and may I understand your requirements so to assist on your EC plans? Will be glad to illustrate the financial planning involved. Thanks and let's discuss further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

A very good morning upgrader!

The initial outlay of purchasing a new EC is as such if you are able to obtain max 80% bank loan:

1) 5% cash (booking fee)
2) 15% CPF or cash downpayment
3) estimated 3% buyer's stamp duty
4) $2.5k legal fees
5) valuation fee etc

As you had enjoyed a subsidised unit before (HDB purchased directly from HDB), you will not entitled to any grant as a second timer.

There are plenty of new ECs in the market at the moment. You dont have to pay for resale levy for some older projects while have to pay for newer projects. If you have to pay resale levy, the amount will be $45k and it is based on your current 5rm flat.

Hope my explanation helps!

If you need further assistance or advice in your upgrading, feel free to contact me. Cheers!

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi

My fellow RES have answered to your questions.

May I ask, have you reach or complete your minimum occupation period. (MOP).

If you have, I suggest that you call 9620 0827  as I would like to invite you to a FengShui talk on the 16 Feb 2016 at 7pm at our EC showflat.

We can than take you through the timeline and financial calculation inclusive of the sale of your HDB 5 room.

We also have few EC projects for your selection.

Regards

Gavin Read More