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Good morning Sir/ Mdm,

Yes you guys can proceed to purchase first before selling provided financial capable to do so.

Have you guys speak to any bankers or apply HLE yet? If not we can work out your numbers to see whether is it do-able?

Just to share I shifted house and done parent volunteer in order to get my son into the ideal primary school.

Just wondering are you guys alumni (phase 2A) or thinking to get her in in phase 2b?

By the way, you mentioned you wish to upgrade to a private property in future. If one of your income is substantial to buy a resale unit at Ghim Moh, you can consider to buy as 1 owner and 1 essential occupier.

By doing so, you dont have to sell off your unit in Ghim Moh (we buy one eventually) and can stay there for good 10 years (daughter completes primary school). Buy a private property under essential occupier and able to enjoy tax savings (dont need to pay ABSD as SC).

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
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Hi

You may text 9620 0827  for a casual chat. There is no one solution that fix all. Each one is unique to individual and each solution has its pros and cons.

Warmest regards

Gavin Read More

Good morning,

Yes its possible to purchase before selling, if the finances are comfortable to do so. Happy to work out a detailed financial plan and timeline and share the optimal approach. The 4-room units at Ghim Moh area are quite popular, so there could be some cash over valuation to expect and if possible, its better to secure an ideal unit first before doing the sale. However, the timeline to sell will be tighter but its still do-able.

Fairfield Methodist Pri is quite a popular school as well. If you are not registering under alumni (phase 2A), it is better to be prepared to do parent volunteer work so to have a better chance via (phase 2B).

If you have plans to keep both the hdb and private property next time, and your finances are comfortable to do 1 owner 1 occupier status, you can consider to do so, just that the loan will be based on one owner's income and only his/her cpf can be used. This will help to allow the occupier to buy without ABSD after MOP period is met.

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
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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.

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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

Dear sir/mdm,

Have you checked on the latest results on the P1 registration at Fairfield Methodist?

There is a huge impact on the P1 registration with the amalgamation of previous Phase 2A1 and 2A2 into a single phase and there was a total of 88 slots taken up during this phase at Fairfield Methodist.

Under Phase 2B, there were a total of 33 registrations received for 20 slots available.

From my understanding with my wife who is managing the alumni of another primary school, the distance from school really matters when it comes to the P1 registration phase as priority is likely to be given to those who stay within the 1km and 2 km radius respectively.

From transitional perspective, it is possible to settle the purchase of a home first before selling, as long as you have the necessary finances to complete the purchase prior to the sale, nevertheless, I have always advocated for both sale and purchase to be done concurrently, as we do not want to have undue stress over lack of offers for your current place if you have already found a place, or can't find a suitable place to purchase when you have already sold your current place.

Doing it simultaneously will mean that you have a better sense of whether your place is in demand or whether there is suitable units available in the market for your purchase, and that can allow you to make better and more informed decisions. In addition, I believe my fellow professional YT and Ivan has suggested that you can purchase the next HDB under 1 owner and 1 essential occupier arrangement if finances allow, such that this will give you better options in the possibility of owning a 2nd property without any ABSD.

Would it be feasible for you to upgrade immediately to a private development, given that the current asking price for a 4 room flat in your preferred area is going for the sub-$1m range which I feel that the entry risk is relatively high to be looking at price growth upon exiting? Perhaps it will be helpful if you can speak to a banker to work out on the financing aspects to gain a clearer picture before making that move.

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!

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Geryl Lim
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Hi Sir,

For your case, it is ideal that you plan your timeline and finance carefully before embarking on the move. There are certain advantages in buying the Ghim Moh flat first because you will be able to have sufficient time to renovate the flat and also move into the flat. However, the downside is that you will not be able to use the CPF refunds and sale proceeds from your current flat to finance this purchase. This will mean a much higher cash outlay.

If finance is not an issue, I usually recommend my clients to buy first as the HDB market is quite hot. However, if you wish to minimise your cash outlay, we can also plan the process in such a way that you sell first and then buy. With careful planning, you will still be able to transit from your current place to the new one seamlessly without the need for an interim housing.

I have assisted many of my clients in the same situation to transit successfully. Please feel free to contact me so that I can gather more information from you and draw up the 2 different scenarios for you to consider before you decide.

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

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Hi, looking forward to share with you soon at 9696 4398  . Recently, I just helped an owner of 672C Yishun to move closer to their parents.

Cheers
Stewart-PropNex 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, it is advisable to first sell the existing property follow by the purchase next, so as to prevent additional stress and anxiety.

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

Dear Sir/Madam,

Hi, I am Brendan!

Yes it is possible to buy first and then sell later if you are financially able to.
Also, in current low supply market, you may need more time to find an ideal next home.

Alternatively, the sale and purchase can be done concurrently too.
There are many options available and i will like to understand your situation better to provide some tailored solutions for your considerations.

Pls contact me at 9754 5207  for a non-obligatory chat.
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay, ERA
 +65 9754 5207 
wa.me/6597545207
bay.binhao@gmail.com Read More