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Hi

You may text 9620 0827  for a casual chat.

Do note that selling is 2% comm + GST and buying 1%+GST.

Warmest regards

Gavin Read More

Hi,

The max loan will depend on your age, income, and also any major debt obligations as well. I can assist to calculate if I have this info. Its possible variable bonuses may help to bump up the loan. Yes if you fulfil the hdb loan eligibility, you can take up hdb loan and change to bank loan later.

If you have sufficient CPF OA and max bank loan amount attainable is sufficient, may not need a bridging loan. HDB does not provide bridging loan. I have helped various clients to smoothly transit from their existing HDB to the next. Perhaps we can discuss further over phone? My contact is 97432395  .

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)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
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ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

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

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
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-- HDB Choa Chu Kang BTO 4-RM Sellers, 5-RM Purchasers, Zima & Faizal --

Ivan was prompt in replying to my endless queries & concerns. He was very attentive to details and he knows my exact 'taste' during the process of house hunting. I would say that my requirement in getting a flat is quite high because i was looking for a flat located near my parent's as well as the MRT station. It impressed me that he could read my mind well which makes the whole transaction alot easier. I also love the fact that he is calm, not pushy & always ensuring me that there are still sufficient time to look out for other available houses. We are so thankful beyond words for his understanding and patience thoroughout the whole process. We managed to sell our BTO with extension & secure a 5 room flat without COV, located near my parent's and a 3 to 5 mins walk to the MRT station

-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him. Read More

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, could I get my banker to get in touch with you with regards to loan issue pls?

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

Dear sir/mdm,

You will need to apply for HLE to understand your loan amount and eligibility should you decide to take a HDB loan if you have only taken HDB loan once. Do take note that 50% of your sales proceeds will be required to be used for paying off for your purchase if you are taking a HDB loan for your purchase. For bank loans, you may wish to speak to 1 of my banker partner to find out more about your loan quantum eligible.

I will suggest to do the sale and purchase concurrently such that you need not subject yourself to undue stress for your sale from purchasing first, but it will really depends on your purchase requirements. If you have very niche requirements, yes, purchasing should go ahead first so you can prepare for the transition.

Bridging loan is only available if you take up a bank loan but you will be required to sell your existing property first and have the OTP exercised before you qualify for the bridging loan.

Do up your financial calculations first so you can have a better understanding of how the finance can flow and transit for the sale and purchase transactions.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi Sir/Mdm,

Let me try to provide you with some clarity.

1. Besides your income, HDB and banks will also look at your age before determining the maximum loan you are eligible for. You can contact me privately and I can do an estimation for you with more information.

2. Yes if you have bonus, you are able to secure a higher loan amount.

3. You may switch over to a bank loan from a HDB loan, no issues.

4. Bridging loan is one option but banks will need you to sell your current flat before they can grant you a bridging loan. Instead of a bridging loan, I would suggest using contra or to time the purchase and sale concurrently so that bridging loan is not required.

5. Bridging loan interest rates are about 6% per annum, the bridging period is usually 2 to 3 months and therefore the interests will not be a big amount.

6. HDB is able to grant you a HDB loan at a higher interest rates of more than 3%.

7. The legal fees depend on the purchase price and it is usually less than $500.

Please feel free to contact me so that I can understand your situation and provide you with further assistance.

Regards,
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:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

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 patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will defini Read More

Hi,

Let me help you with your enquiries:

1) You will need to get an IPA from the Bank, or apply for HLE to determine your loan amount.

2) Yes, definately.

3) Yes, you can.

4) Bridging loan comes with condition. You will have to find a Buyer who had exercised (and gotten HDB approval) for the purchase of your current flat, before the bank can disbursed the loan for your own purchase.

5) It will depend on the amount that you need to bridge, the loan period, and also the interest rates.

6) No.

7) HDB conveyancing will be few hundred dollars.

As you're doing both Sale and Purchase, it is very important to have a proper Timeline planned. A properly planned Timeline not only allow your funds to be ready in time for your purchase, it can also save you the hassle of having to shift house more than once during this transition.

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

Hi,

1) Maximum loan from the bank or HDB shall determine by the MSR calculation.
(a) Max loan from bank = 75% LTV. 5% must be in cash, and 20% can be cash and/or CPF.
(b) Max loan from HDB = 85% LTV. All 15% can be in CPF, short fourth shall be topped up by cash.
I assume you are below 40 yrs old to do this preliminary MSR calculation. your loan should be around $300k without taking in your bonus. Your loan amount will be reduced once you reach 40 yrs old.

2) I assume you mean whether your bonus is inclusive in the MSR tabulation? Yes, all bonuses will suffer a haircut of 30% to include in the MSR calculation.
3) Yes, you may switch to a bank loan from an HDB loan but not vice versa. There is no lock-in period for the HDB loan if this is what you meant.
4) Bridging loan is only available for the elderly who are purchasing BTO for HDB loan. Thus you can only get a bridging loan from the bank where you are getting a mortgage from.
5) The bridging loan interest is the same rate as your mortgage loan. For detail, you will have to check with the bank that you intend to borrow from.
6) This is already highlighted in (4).
7) You can only apply for HDB legal service when you are taking an HDB loan or without a loan. You will have to engage a private lawyer (who is on that particular bank's panel) if you are taking a loan from the bank.

In addition to the above questions. I would like to highlight that this is your 2nd HDB loan. The right-sizing policy shall apply on your 2nd HDB loan.
Meaning that 50% of your cash proceed will be detected as payment for your 2nd HDB flat.

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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