AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I'm currently staying in a HDB flat that is fully paid off. I'm interested to purchase a condo that is going to TOP in 2017.

I intend to sell off the HDB flat to help pay for the condo so that the loan amount will be lesser. But I can't sell until the condo is ready to move in.

If going by progressive payment scheme, the condo need to be paid off in full at TOP, is that correct? Does that I mean I have to take loan for 80% of the condo price, and then refinance the loan after selling my HDB?
0 •
681 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Ivan Ng
Replied
Hi,

For the detailed financial planning illustration, may I have more details so as to help you understand how your upgrading objectives can be achieved? I will be glad to devise the lowest cost possible option, as what I have done with my clients. Which condo are you considering? Thanks and hope to understand your requirements and housing plans further so to better value-add.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
0
Upvote Upvoted
D. Kumar
Replied
Hi,

I think it would be apt to construct a detailed financial plan to advise further. Do contact me for a further discussion. Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June/ July/ August ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More
0
Upvote Upvoted
CK Ang
Replied
Hi,
To advise you in details, I can send you the structure of progressive payment and explain the options.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
0
Upvote Upvoted
Geryl Lim
Replied
Dear upgrader,

The payment scheme you have understood is generally correct therefore I am curious why have you identified 2017 for the timeline you are working on? Are you still under MOP?

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/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

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

G.A 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
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions