13 Answers

Hi April,

Key collection usually is spread across the 3 months period across the quarter, block by block. Would you need your sale proceeds from your HDB to complete the payments of the purchase? Are you taking bridging loan? If so, you will need to market the property earlier and time the transaction such that the proceeds can come back in time to complete the payments required for key collection.

I have done similar transactions before and will be able to coordinate and plan out a smooth transition for you. I can be contacted at 97432395  to give you an overall view of the whole process. 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

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  • Ivan Ng
    Hi April,

    If its an older resale HDB more than 15 years old, would advise to market a bit earlier as it takes time to find a buyer and also we can try for a slightly higher price at the start and adjust lower if the response is slow. If its relatively newer flat below 10 years the demand for such flats is higher and we may still have a bit of time (I transacted recently two just MOP 5 year old 4-room units at Anchorvale Fields for above 600k and response is strong). Its good to start now actually as you also need time to tidy up and declutter the place and get the family to help also. May I know which block or cluster is your unit? Thanks! Ivan 97432395 
  • AN
    Hi, thanks for your replies.

    Given the current market trend of Sengkang Anchorvale 5-rm HDB, is it advisable to market early and sell early with extension, or sell a bit closer to key collection? Thanks!
  • Ivan Ng
    Hi April,

    It usually takes approx 3.5 months from 1st deposit received from buyer OTP issued phase to legal completion date (where you handover the HDB keys and receive the proceeds). So assuming you get your keys in April, plus defect checks and reno time of approx 2 months, our required HDB handover date will be in June. If we manage to find a buyer for HDB in January, plus 3.5 months hdb processing time, we will arrive in mid-April, and should require an extension of stay after completion from buyer so to handover HDB in June (this will be discussed with buyer prior to issuing OTP). Or if the buyer is secured later, we can also time the completion to be closer to June. Regardless it is best to commence now since we will have more time to find a buyer.

    I have just transacted a 5-room older resale HDB in Tampines St 32 and still have buyers looking in the Tampines area. May I know the location of your HDB?

    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 
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  • AN
    Thanks for your reply. We don’t need the sale proceeds from hbd to fund the EC. I’m just trying to figure out when to start marketing my unit, how long does it take to find a buyer, how long to complete the paper work etc, and how to ensure seamless transition so that we don’t need to find an interim place to stay.
Hi, appreciate your sharing. I propose you check with law firm every 3 months to see the update before proceeding to market the unit.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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Hi April,

There are variou scenarios here for your planning in terms of timeline:

1) If you require your sales proceeds to finance the purchase of the property, this will be extremely time sensitive, given that you will still require to renovate your EC before moving in, thus you may face difficulty to timing to perfection. An interim housing could be required for example staying with parents and keeping furnitures in storage while you wait out for renovations to complete, even if you are able to get the maximum 3 months extension for the sale of your current place.

2) If you are unable to find interim housing, then you may consider to sell the HDB now and rent for 1 year period while you wait out for the EC to TOP and for renovation to take place. Since rental is expected to slump as per what has been reported in the media, this could allow you to better prepare the transition not rush for your moving in.

Issuance of key upon TOP will take place in phases, thus it is not advisable to plan based on the TOP quarter estimated, since you could be allocated the last month of the quarter to collect your key.

I have been in the real estate business since 2009, with more than 13 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!

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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, just wondering do you need the cash proceeds of the current HDB flat to pay off some outstanding for the condo unit before the collection of the keys? If not, you could take your time to sell by then.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Tan Pei Cheng (Pei)
Hi
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More
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Hi April,

Congrats to you on getting the keys to your new place soon. I have just assisted my clients who are owners of parc central to sell off their HDB recently as they have another place to stay. For your case, if you wish to transit directly from your current HDB to the new EC, I would suggest marketing the HDB 4 to 6 months before the keys collection so that we have sufficient time to secure a good price for the HDB as well as to plan the transition and buffer some time for renovation for your new place.

Please feel free to contact me so that I can understand your requirements better and draw up a transition plan for you!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

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Hi Seems like you should start the process already. Do contact me at 97970200  to understand and discuss more. Seems like you should start the process already.

Mark, your RIGHT choice
Propnex Read More
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Robbie Chen Chee Howe
Hi Ms April,

Key collection will start once the project attain TOP. It will likely take about 2-3 months for all owners to get their keys. If you are in urgent need to collect your keys, you may wish to ask your lawyer to submit a request to the Developer to ask for a favour.

For the time to dispose off your HDB, it depends on your location of your HDB flat. Some flats in popular locations can be sold within 1 viewing, while others in less popular locations may take some time to find the right Buyer.

Perhaps you can share with me your HDB flat address, so I can better advise from there?

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
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Hi April,

If you main concern is not to find an interim place to stay for the time being, then the important point to note will be only to advertise early but selling wise should be nearing to the confirmation date nearing key collection and lastly to sell the existing HDB flat with extensions. I’m happy to chat with you more and looking forward to your reply.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Good day to you,

In general, developers will notify owners of key collection around 6 months prior. As there is a possibility that it might be earlier, it is recommended that the marketing of the unit be executed soonest.

Do contact me for detailed discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Seeking an estate salesperson with in-depth knowledge of sales and purchase of residential property in Singapore?
With more than 10 years of experience on all S&P cases, along with knowledge related to:

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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

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

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. 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!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More
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Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

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