AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
May I know how much legal fees, stamp fee or what other fees I have to incur if I were to sell & buy a HDB flat. Assuming I sell at 600K commission would be $12K & I buy another flat would be 6K. Estimate in total would be around 18K in commissions. The COV on the seller part I also have to consider & the 10% in cash also another obstacle.

My scenario is selling my flat at 700K & buying another property where range from 500K to 600K. Can I conclude that the higher COV I get would be better?
0 •
3507 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Lee Chun Peng Adnic
Replied
Hi

It also depends on the valuation part. If the valuation is 550k and you sell at 700k. The market maynot be willing to pay your price before the cooling measures and with now the cooling measures, it will be harder.

Also governement are launching more BTO to be completed in 2.5years. Couples may likely to stay with parents or do room rental first which is far more cheaper than paying upfront COV.

Valuation from HDB is real valuation (not like those of bank who give indicative valuation first)

Yes higher COV the better yet have to realistic, the higher price means higher entry barrier and you may end up helping to sell your neighbor house who are more realistic in prices Read More
0
Upvote Upvoted
Lester Chen
Replied
sms me.. i could assist u on that .

Best Regards,
Lester Tan (+65) 9101 7777 
Senior Vice President
FindaHome @ HSR Property
Property Consultants Pte Ltd
www.91017777.com Read More
0
Upvote Upvoted
John Lai
Replied
Looking to sell, buy or rent? Looking to re-evaluate your asset portfolio? Look no further.

As your dedicated real estate agent, I bring more than just industry expertise to the table; I bring a commitment to excellence and a passion for delivering results that exceed expectations. With a deep understanding of the market dynamics, I tailor my approach to suit your unique needs, ensuring a seamless and stress-free experience from start to finish.

Let’s start your journey to your dream home today! Right Believing, Right Living!

Call or text for a non-obligatory consultation discussion to know more.

Best Regards,
John Lai
“Right Believing, Right Living”
PropNex Associate Director
(M): 8444-0899 
Email: johnlaiproperty@gmail.com

Self introductory video - https://youtu.be/yygkGSG4Mtw

Social Media -
FB: facebook.com/johnlaiproperty
IG: @johnlaiproperty
Tiktok: @johnlaiproperty
YouTube: @johnlaiproperty Read More
1
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions