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Hi,

Thanks for your enquiry. Another thing to factor into the consideration is the next property you are looking to change to. Selling in another 5 years time will also mean your max loan tenure is likely to be shorter by 5 years, which means a smaller amount of loan attainable. If you are looking to move to a higher price quantum property, a smaller amount of loan can mean a material difference in the next property that you can purchase. Loan policies may also differ by then, which makes the upgrade more difficult.

From ground experience, typically resale EC buyers are either HDB upgraders staying nearby or SPR owners who want more than a resale HDB. Its quite rare to see foreigners purchasing a resale EC, even though at the 10 year mark when the EC is fully privatized. It may not mean a meaningful price difference to sell it 5 years later, while you get hit by a lower loan quantum attainable in the future.

Resale prices are trending upwards now and it is a good time for most owners to exit at a good price outcome. Perhaps we can discuss further if I can have more info?

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)
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ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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SMU BBM (Finance), Magna Cum Laude
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-- 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 Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Read More

Hi Do contact me at 97970200  to understand more and discuss

Mark, your RIGHT choice
Propnex Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes definitely there be much difference in terms of selling it next year as compare to when it reaches the 10 year mark. By then valuation pricing and other factors like bank interest rates does make a difference to it.

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

Hi,
I would be glad to assist you.
Feel free to contact me for further discussion.
Hope to hear from you soon,
Pei @ ERA
 97100155 
Senior Marketing Director Read More

Appreciate your sharing, in order to help you better can I know you are looking for in future? Best we can meet up and share about current market trend.
Welcome any questions at 9696 4398  via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More

Dear Sir/Mdm,

In my humble opinion, it depends on your intentions and objectives after selling. If the plan is to sell the current EC unit and upgrade then I will suggest you to do it earlier instead of later because in the next 5 years, the housing price may continue to increase and therefore it is better to lock in at a better price if the quantum of the next property is higher. The interest rates are still low now and therefore you may lock in at a lower rate for your home loan, resulting in savings.

Please feel free to contact me so that I can understand your objectives better and provide you with more analysis and assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

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)

“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 Read More

Dear sir/Mdm,

You have mentioned about part 1 of your plan, which is to sell after meeting the MOP, but unsure when to do it. Part 2 of your plan is? Do you intend to upgrade or do you intend to cash out and look into buying something that you are able to fully pay off? For upgraders, I will definitely say it is in your interest to look into selling upon TOP given that you will be looking to commit to a higher quantum property, thus have a longer runway in terms of your loan tenure may probably relief you some undue stress from higher mortgage monthly payment should you only make your move 5 years down the road. Ultimately, the situation is that when you sell high, you are likely to buy high too, therefore it is advisable to lock in the loan now with a still attractive interest rates.

Hope the above helps.

Regards,
Geryl Lim
Mobile: 81577565 
geryl7772@gmail.com Read More

Hi,

There is no right or wrong answer to your question. It largely depends on what's your plans after the sale. And I am sure I will be able to sort out your thoughts and give you the most appropriate recommendation if I could have the chance to further understand your family needs.

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 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