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Good afternoon Nicholas,

I will assume that you will sell off your current HDB and upgrade to a private property. In order to advise you further, I will need to find out whether are you financially capable of doing so.

Other than the finances you have on hand now, I will like to calculate the sales proceeds of your house. In order to do so, I will need info like your CPF OA utilised plus accrued interest and any outstanding loan for your current unit.

In addition, do let my banker advise you on your in principle approval so you can gauge how much loan can both of you obtain.

Hope to 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

Hi,

Based on the limited info you have shared, it may be possible for you to upgrade to a new EC purchase. However, new EC purchase requires sale of HDB after EC Unit keys are collected. To understand whether its viable to upgrade and the options you have, it would be appreciated if I can have more details as to value-add further. Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Nicholas,
Yes, you can use the proceed of selling HDB and the extra cash to finance the condo. To assist and advise you more accurately, kindly drop me an email for me to gather more details.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi Mr Szeto,

Thanks for your query!
I recently assisted my client who initially wanted to upgrade to a bigger HDB flat but after working out his finances comprehensively, we secured a brand new EC over the weekend as his finances allowed.

To be able to be succinct and precise:
To kickstart,
We may need to catch up and speak more in details on your finances. I will work out your financial cash flow calculations and illustrate the options you can consider based on the cash projection.

Further on,
We will have your in principal loan approval assessed. With that done, I will succinctly propose developments and units to view for your consideration. Once you have identified your ideal unit, I will step in and help you negotiate for the best possible deal.

A transaction report will be made available to you prior offer stage, so that you can study the transaction caveats of the development and surrounding properties for a greater in depth analysis of the market to ensure you are indeed making the RIGHT offer! A comprehensive customized price analysis chart illustration specific to your chosen property will also be provided to aid in your understanding.

No agent fees is payable for my service and consultation. If you are comfortable with working with me for your real estate needs, I will be most glad to render my services, advise and expertise accordingly and go over all the procedures and regulations involved so that your purchase intention can be taken to the next level.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

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

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

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

P Group-
2015 February ERA Top Achievers
2014 Overall Top Achievers
2014 Aug/Sept/Dec ERA Top Achievers
2014 3rd Quarter ERA Top Achievers Read More

Hi Nicholas,

With the details that you have provided, we are not able to give you an accurate financial calculation to determine if you can upgrade to a condo.

I would suggest you speak to several agents and see what each agent can offer you before going ahead with a plan you are most comfortable with.

I focus on assisting client to take a look at their current property portfolio before customising a plan best suited for each individual.

If you are interested to find out how you can purchase a property without having to touch your savings and on top of that, increase your savings, please do give me a call.

Do allow me to share more with you before you commit to any plans.

Vera Wang
H/P No.: 8777 7907  Read More