Good morning Mr. Frank Goh,
Thank you for your query.
From what you have shared, you may like to consider buying new Executive Condominium (EC) instead. ECs are priced much cheaper by 15-20% as compared to condos but has the similar feel and facilities as condos with some even exceeding that of an entry level condo.
EC fulfils most of your requirements mentioned above such as selling your HDB within 6 Months after the new EC’s TOP date. There is also exemption on ABSD as it is recognised as your only remaining home once it’s ready for occupation, hence you will have tremendous savings of 7% off purchase price in initial cash layout. Banks also recognise this as your only eventual property and would be able to grant up to 80% Loan to Value subject to 30% Mortgage Service Ratio (MSR) of your income, similar to public housing ensuring prudent investment.
However, EC application requires minimum 2 names hence yours and your wife’s names would need to be included.
My agency, PropNex has been appointed as developers’ marketing agency for 12 ECs all over Singapore including 4 upcoming new ones. Price guide and more info on the ECs can be found in this Dropbox link: https://db.tt/pB9WrjVu
As we do not get prompted when you respond here, kindly contact me directly should you require more details or would like a free tour of any of the show galleries mentioned below.
Thank you and have a pleasant week ahead.
Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile:
+65 82250212
Email: karrien.realty@yahoo.com
POWERFUL NEGOTIATORS
PropNex Realty Pte Ltd
Service You Trust
CEA Licence No.: L3008022J
Project Core Team:
Executive Condominium
D27 The Brownstone - New
D23 Sol Acres - New
D19 The Vales - New
D19 The Amore
D18 Sea Horizon
Condominium
D19 High Park Residences - New
D18 The Santorini
D15 70 St. Patrick's
D15 Flamingo Valley
D14 Tre Residences
D14 Sims Urban Oasis
Floor Plans & Listings:
http://propertyguru.com.sg/agent/karrien-n-chan-295771 Pricing Guide of Properties For Sale:
https://db.tt/pB9WrjVu
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