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Dear sir/mdm,

Do you mean MOP (Minimum Occupation Period) instead of TOP? For ECs to be sold in the resale market, the home owners must have fulfilled the Minimum Occupation Period of 5 years, otherwise they will be required to obtain approval from the authorities before selling.

To do up the financial, you will need to know how much outstanding loan you have as well as how much CPF funds you have utilised inclusive of accrued interest. We can do up a proposal for you in terms of pricing and financial plans for your plans too with no obligations.

I have been in the real estate business since 2009, with more than 10years 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 Deputy 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
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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Good evening,

I believe you meant MOP (Minimum Occupation Period) of 5 years will be met soon? If yes, you can only do official paperwork then but we can initiate some planning first.

The sale price, less off the outstanding home loan for the property, and less the CPF utilized + accrued interest, less the legal fees and agent professional fees, will be the sale proceeds to expect. This can be used for the downpayment for the next property.

As of planning for the next property, typically I will do a financial projection scenario by working backwards with the clients' objectives in mind. In this case, if there's a monthly CPF or mortgage amount you like to key to, we can use that as a parameter to plan for the next property.

Putting together all the numbers, we will be able to derive the comfortable price range by assessing the amount of home loan to be taken, as well as the comfortable downpayment range. This will give us an idea what to look for in the areas you prefer by narrowing down to the developments which are of a good fit.

I have worked on similar cases and would be happy to share the best approach. 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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W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- 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. Read More

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.

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

HI,

Just to confirm you mean MOP where you have stayed there for 5 years already?

Assuming you mean MOP, then you have to check your CPF under property to see how much you have used for the loan repayment as well as the accrued interest. Thereafter, you need to check what is the existing loan outstanding which you can get it from the bank.

You need not worry about repaying the bank as the sales proceed from the selling of the EC will go towards repaying your CPF (plus accrued interest) as well as the outstanding loan. You will also need to consider other admin fee such as legal fee.

Buying a house regardless for stay or investment shouldn't be a burden and must ensure that you can comfortably finance the property thus prudent financial planning is a must.

It will be good if we can discuss further as we can do a detailed planning to ensure you get the best suitable property for you and your family.

Thanks!

Alan Sng
PropNex
 92707548  Read More

Hi Sir/Madam

I will be glad to assist

I won't be able to contact you first as I do not have your contact, 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

Dear Sir/Mdm,

It is good to plan early while you still have the time. Before you even proceed with the sale, it is good to have an overview of your financial position so that you will know that after the sale and purchase, what are the funds remaining and whether you will have sufficient funds set aside for emergency.

It will be good to look at the indicative selling price of your EC, the outstanding loan and the CPF plus interests that needs to be refunded. You can also find out how much loan you are eligible for the next property so that you can plan better.

I have assisted many of my clients to transit smoothly and seamlessly from their EC to a private property. Please feel free to contact me so that I can understand your situation better and draw up a financial and transition plan for you!

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

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) Read More

Hi Sir

I do provide free and non obligatory discussions in regards to property transactions and calculations in Singapore. I do share your sentiments in 'not wanting to overkill yourself'. As everybody is talking about asset enchancement and investment strategies, purchasing a property is a long term commitment and risk taking level preferences defers between individuals. Amongst factor to consider is job security, financial profile and family circumstances. When conducting property consultations, I will always ensure all my clients are well informed of the decisions and risk they are taking. Do contact me at 93375051  for a discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi Do contact me at 97970200  and we can run through the calculations and plan ahead

Mark, your RIGHT choice
Propnex Read More

Hi,

I regret to inform you that you are not allowed to sell your EC upon TOP, as you will be required to serve a 5-year MOP upon the TOP of the EC. You can only sell off your EC after you have met the 5-year MOP.

As for the financial calculation, I will need to find out more information from you before I can give you a more appropriate recommendation on the budget for your next purchase, based on your family profile, age, income and risk appetite.

I am experienced and well-versed in both HDB resale and private transactions. I will be able to assist you in your property plans.

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