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Afternoon,

If your combined income is less than $12k and both of you have only utilized your first HDB loan entitlement, then you are eligible to take your second HDB loan. However, you will be required to utilize 50% of your cash proceed from the sales and all your CPF OA before you can obtain the difference as loan.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi there,

You are eligible if your combined income is less than $12k and both of you have only utilized your first HDB loan entitlement. Please do note that however, 50% of the cash proceeds must be use to offset the loan at the next purchase.

What's most essential in the upgrade/downgrade process is the - financial cash computation and calculations. In these cases, it's always best to have a professional work out your financial cash projection, generation of sales proceeds and factor in the likely purchase price so that the process is smoothly facilitated and ensure you a tidy profit. Sometimes, being rookies and unfamiliar with the overwhelming process, a slight wrong decision can lead to paper loss and even actual loss!

What's also to note- in this weak market where resale units pricing are falling and are left on the shelves for months. Do you have the right medium to expose your property to throngs of prospects? Do you understand the own value of your house? Do you understand the valuation and exact transaction/sales in your block and surrounding vicinities?

All these play a part in ensuring you reap your profit and at the same time, enjoy the best of both world's. As agents, we have all the tools, skills and marketing strategies to help bring light to your plans. Sure there is a small fractional cost involved, but think about the thousands of dollar you can make on your sales and another thousands of dollars you can save on your purchase with the due diligence and negotiation skills of your agent. We represent your needs and fight for YOUR price! I always advise my clients to have a preliminary discussion to derive more information and requirements as well as share more on the market insights/ comprehensive marketing strategy of unit as well as take this as an opportunity to understand my working style.

You can always asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare and interest to get them the best possible deal.

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)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

Hi

You may want to write to gavin.ng@orangetee.com and we can then advice you.

We can do a cash flow stimulation to help you in your decision.

Regards

Gavin Read More

Hi,

You are eligible for HDB loan if you fulfilled below criterias

1) Not taking HDB loan for more than 1 time
2) Family income not more than $12k per month

However, regarding the cash and cpf part would need to have more details so that could advise you accordingly.

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!

Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627 
Email: sean_5832@yahoo.com Read More

Dear Sir/Mdm,

You will still be eligible for HDB loan as long as you satisfy the criteria. However, more and more people are opting for bank loan to take advantage of the lower interest rates (as compared to HDB loan) and also to bypass the requirement of having to channel 50% of your sales proceed into the next housing.

I can assist you to do some financial planning before your MOP so that you can have a better understanding on the sales proceeds etc.

Between a 5rm HDB and a Maisonette, I would advise you to go for maisonette as they are no longer being built and therefore are more likely to continue to enjoy strong demand and a price premium in the future. If you are eligible, you may want to consider Executive Condo as well as they are priced 15% to 20% lower as compared to a private condo.

Please feel free to contact me so that I an understand your objectives better and provide you with further assistance!

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

Testimonial from Satisfied Clients (2015/2016)
“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)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi,

If you have only taken HDB loan once, you will be eligible for it again as long as your monthly household income does not exceed 12k. However, do note that the CPF utilized for the 1st property will then be fully utilized towards the purchase of the next HDB.

For things that can be funded by CPF, they include downpayment, stamp duties and legal fees. CPF can be used as long as there are sufficient monies in the OA.

For cash payments, examples include COV (Cash over Valuation), agent commission, hdb admin fees etc.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---

Translation from Mandarin:

We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.

We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.

We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.

--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---

Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.

In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.

He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :) Read More