7 Answers

Nick Tan
Dear Mdm,

The principal amount and interests have snowballed to 700k which is quite a hefty amount and therefore it is advisable to sell off the old HDB early so as to reset your property portfolio. As a married couple, when you purchase a HDB flat, your hubby can be the owner and you can be the essential occupier and in this manner, you will be able to purchase a condo without the need to pay ABSD after the 5 years MOP period.

I have assisted many of my clients in similar situations and will be happy to understand your situation and provide you with further assistance for you to make an informed decision moving forward.

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 definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana Read More

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Aaron Chong
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, nope both of your name will need to be included in the next HDB flat purchase as both of your status is under married.

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

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Ivan Ng
Hi,

With the flat at 57 years balance lease, it is a good time to reorganize the property portfolio and sell away the older hdb to unlock and recycle the funds into another property with better wealth preservation attributes. Prices of older resale flats have stagnated for some time and while newer flats are setting the newer price benchmarks in today's resale market.

You can purchase the next resale HDB under owner + occupier arrangement. Meaning you can purchase the next condo as a 1st property since you do not own any property count as you are considered just an occupier. Do note that the MOP of 5 years still have to be observed before you can purchase another property.

May I have more info and requirements about your plans so 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

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

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

Contact: (+65) 97432395
Email: Ivanng10@gmail.com
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(Client's Testimonials)
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property Read More

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Robbie Chen Chee Howe
Hi Mdm,

Yes, it is possible for your Husband to purchase under Sole Lessee, with you as the essential occupier.

With the flat aging and CPF Refund at a massive $700k, you may wish to relook into your property portfolio restructuring.

Unless your flat is one of the high quantum HDB flats in prime location, it is highly likely that you will end up with a negative sale.

It would be ideal for you to get a property that is newer and has a good appreciation potential, to avoid the situation of negative sale in years to come.

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

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Mark Ng S W
Hi Yes, its possible, do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex Read More

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Silvia Yang
Hi Mdm,

Yes it is possible to buy HDB under your husband name (as owner) and yourself as occupier
As the Principal amount and accrued Interest for your HDB already $700k, it is the right time to restructure your property portfolio
I just assisted client who were in similar situations, and will be glad to assist you as well

Appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

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Ling CK
Hi,

1) There is no problem with your plan.
2) However, there are 2 things you need to put into your consideration:
(a) Asset Financial Analysis:
(i) Estimate how much you are able to get from your current flat.
(ii) Current active income: This is to assess using MSR for HDB purchase, TDSR for your private purchase.
(iii) Saving and investment return
(b) Which phase of life are you in, aggressive investment mode, semi-retirement mode, any children, their age, etc.

3) Buying for own stay and only for investment makes a great difference on the choice and budget.
4) Current market situation and potential future market situation also have to take into consideration.
5) Suggest you attend some of the Customer Empowerment Seminars to have some basic understanding of property.
6) Meet up with some of the real estate agents and seek their advice is also a good way to start your real estate investment journey.

Hope the above answer to 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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