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Hi,

For your scenario, you need to have 5% cash 15% CPF and about 3% for stamp duties, within 8 weeks of booking EC. Terrace EC starts from about 750K onwards, hence that's about 175K within 8 weeks, is this something you be comfortable with?

Also it depends on how much loan you can get. I will be glad to illustrate the financial breakdown and help you understand whether it is feasible to do the upgrade. Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Hi Mr Tan,

I recently helped a client of mine asses his upgrade plans to Bellewoods EC. Firstly, I would need to conduct a detailed financial cash flow and progressive payments to ascertain the feasibility. Furthermore, I will connect you to my network of bankers to verify your loan approval. Based on the loan quantum and Cash calcualtions, we can ascertain your upgrade feasibility. Let's catch up at 96659926  for more to understand your requirements & expectation, to work out the progressive payments timeline and cash flow projection as well as comment and advise on the projects to target based on rough sales proceeds and cash flow amalgamation. Please note that there is no agent fees involved and therefore, I will walk you through the entire step at no cost.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
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Good evening Andy,

Based on your current available finances, you have to sell your HDB first before you can proceed with booking and purchase of The Terrace EC.

You need to prepare up to 23% of the purchase price. 5% cash as booking fee, estimate 3% buyer's stamp duty, 15% CPF downpayment, valuation fee, legal fees etc.

To draft a financial plan for your upgrade, probably you can share more information like your full address, total CPF OA funds utilized plus accrued interest, any outstanding loan etc.

Hope my explanation helps!

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Dear Mr Tan,

You may need to sell your HDB first as the initial cash outlay for say a $800k property is approx $170k.

May I suggest that you speak to banker and get your AIP approval first, once the approval is done and you are comfortable with the financial plan, you may start to sell your HDB. Do noted that HDB transaction required approx 3 to 4 months excluding time to get a buyer.

Hope that I have answered your question.

If you are looking for salesperson to assist you, I would like to offer my service.

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Not all internet marketing is the same, especially during this low period. We need to have the most advance marketing tools to give your property maximum exposure. One of the tools we have is virtual tour. But that is not all we have, and there are many other tools and strategy that give me and you an unfair advantage over the rest.

Check out video at this link http://youtu.be/4a02hTxJS6U
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Don’t you agree that marketing plan is most important factor when trying to get the ideal buyer for your property, especially during this slow period?

You may want to check my website for my testimonial.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Team Associate Director
OrangeTee.com Pte Ltd
Mobile: 90906267 
Email: johnny.goh@orangetee.com
Website: johnny-goh.com Read More