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My BTO's Probable Completion Date (PCD) is 2nd Quarter 2021. Delivery Possession Date (DPD) is 30th April 2022. There is no outstanding loan on my current flat, however, I will require the sale proceeds to finance the BTO and part of renovation before moving in. I would like some advise on the timeline of when is the best time to start advertising my unit. I'm not sure when will HDB extend an invite for key collection either, so I cannot afford to sell current unit too early as we do not have an alternate place to stay or store our furniture. How long will the whole selling process take place and for funds to be dispersed back into CPF? Also, what is the market rate for selling commission?

Thank you in advance.
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3 Answers

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, agent commission for selling will be at 2% with gst.

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

In this case, to be able to collect the keys to the BTO, the sale proceeds and CPF need to be ready by the time you meet up with the BTO officer. The whole resale process, in the earliest period, takes about 3.5 months from the first deposit to unit handover. Adding another 2 to 3 months marketing period to secure a buyer, it takes about 6.5 months.

Working backwards, assuming the key collection is in April 2021, it is actually ideal to start now and do some planning and coordination. May I know which BTO are you moving to? Have worked on similar cases and happy to share more on how best to work out a smooth transition plan. The market rate for sale commission is typically 2% of sale transacted price + GST. I believe the more important thing is to work with an agent who can be committed to your plans and is professional and competent to meet your requirements and plans.

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
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Dear Sir/Mdm,

I have assisted many of my clients who are in the same situation as yourself to transit smoothly and seamlessly from their current HDB flat to the new BTO.

Once the buyer is secured for your flat then we will plan the timeline for you to collect the keys for your new flat. There will also be sufficient time for your CPF funds to be reuse for the new flat.

The commission for selling is 2%. Please feel free to contact me so that I can understand your situation better and provide you with further assistance and advice.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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