AskGuru Q&A Community

Hi,

Yes its possible if they want to get 4-room size and below resale HDB. Do they need their sale proceeds to come back first before they can fund the purchase? If so, its good to start earlier since it takes time to liquidate the overseas property plus withdraw the funds to singapore. They will need to sell all their overseas
residential properties. I am contactable at 97432395  for further discussion.

Hope the above clarifies. 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
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

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

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: 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! ** Read More

Yes, they are eligible to purchase a 4 room resale HDB or smaller unit. Do they require any loan for the purchase?

I have been in the real estate business since 2009, with more than 14 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!

Warmest regards,
Geryl Lim
Associate Group Director
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
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
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

Hi, appreciate your sharing. Cash and CPF OA required ? Are they retired?
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex 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. Have a good day ahead. By the way, yes they could purchase a 4 room flat or smaller immediately and don’t have to wait at all.

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

Hi,

Yes, as both your parents are above age 55, they will be eligible to purchase a HDB resale flat from the open market. They can purchase the flat first, as they will only be required to sell off their overseas property within 6 months of their HDB purchase.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

My Answer with regards to your Question:

Yes, it's possible for your parents, Singaporean citizens aged 55 and above, to purchase a resale HDB flat immediately upon selling their overseas property. Here are some considerations they should keep in mind:

Funding Timing: If they need to use the proceeds from selling their overseas property to fund the purchase, it's advisable to start the process earlier. Selling overseas properties and transferring funds to Singapore can take time.

Liquidating Overseas Property: They will need to sell all their overseas residential properties before purchasing the HDB flat in Singapore.

Property Size: They are eligible to purchase a 4-room resale HDB flat or a smaller unit.

Financial Planning: Consider if they require a loan for the HDB purchase and ensure their financial arrangements are in order.

Feel free to reach out for further assistance or clarification.

Let me assist further ,.....pm me

Whatsapp me at 9856 9255 

I am Sorry that This platform does not allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

I am Happy to Help with No obligations! If you have any more questions or need assistance, FEEL GOOD to let me know. I am here for You! Cheers :)

See my REVIEWS here: (Just need to Copy and Paste the link)

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

Final A,B,C NOTES:

(A): For BUYERS: SOLUTION for sourcing of RESALE and NEW PRIVATE Home such as Condominium or Landed properties. Represent you as BUYER > Currently there will be NO FEES CHARGED TO YOU/ FREE SERVICE. IN ADDITION:

(B)I can connect you with reputable banker for Private housing loan (IPA, In –Principle Approval), free of charge with no obligation.

(C) Finally , for mortgage home insurance matters , i have liasing partner to fulfill your needs as well .

YES , A ONE STOP SOLUTION Especially For You !

Singapore has hovering over 30000 licensed agents for the last 10 years as property agents come and go .And in my opinion, property guru is the most effective marketing platform this season in Singapore

So, what’s the odd / chances that 2 complete strangers get to link together by property guru ?

So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

ABLE Toh-ERA, Singapore

Mobile :( +65) 9856 9255  “ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me

XXXXXXXX Read More

Hello!

Yes so long they are both above 55 years of age, they would be eligible to purchase resale HDB immediately.
However, they can only purchase 4-room and below!

I have assisted many clients in HDB transactions, feel free to contact me anytime!
Would be very happy to assist!

Regards,
Vivien Koo
邱婉婷

PropNex Realty Pte Ltd
* Top 20% Producer of 2023 & Award-Winning Agent
* Certified ‘SND Save and Safe’ Consultant - Your trusted asset progression consultant

Mobile: +65 9724 9731 
Email: Vivien.Koo@propnex.com Read More

Hi,

1) Your parents can buy a 4-rm or smaller HDB flat without first selling their overseas property.
2) However, they have to sell the overseas property within 6 months after the key collection of the purchase.
3) The first thing that your parents must do is to apply for Singpass. This will ease the whole HFE application and buying process.
4) They can do the Singpass application online or any CC physically.
https://www.singpass.gov.sg/home/ui/register/instructions
https://www.stb.gov.sg/content/dam/stb/documents/mediareleases/Annexes_SingapoRediscovers_Vouchers/Annex%20B%20-%20SingapoRediscovers%20Vouchers.pdf

4) The next is to apply for an HFE before proceeding to any viewing after receiving the Singpass. No viewing is allowed without a valid HFE.
5) The HFE is valid for 9 months, so they have more than enough time to view and decide the purchase.
6) You need to make sure the HFE is still valid when you submit the resale application.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

I hope the above answers your main concerns, but if there are more queries, 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 Read More