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Wish to sell my studio/freehold condo and purchase a resale HDB flat. Please advice the procedures and the estimated period to complete the transaction for private and HDB?. And, also the amount of agent fee to be payable for both. Thank you.
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7 Answers

Dear sir/madam,

Selling commission is 2% of selling price + GST for your existing condo. Purchasing of HDB is 1% of purchase price + GST.

From date of acceptance of an offer for your condo, it takes approximately 10-12 weeks to complete the sale (depending on financing options of your buyer as well as their requirements). With regards to your purchase, it takes about 12 weeks onwards from the date you exercise the Option To Purchase for the HDB.

If you require funds from your sales to come in for the purchase, you are advised to work on a carefully planned timeline.

Perhaps we can sit down and discuss more in details?

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Geryl LIM
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Hi,

For your sale,
Typically, it takes about 10-12 weeks from issuance of OTP to completion of key handover, and commission of 2%+GST is applicable.

Similarly for your purchase,
From issuance of OTP from seller to you, to 2nd appointment completion date will be about 4 months. Typically commission payable is 1%+GST.

The timelines need to be managed carefully so that your transition is smooth, be it for financial planning or physical moving in. Will be glad to plan out in detail and offer the full picture before you commit to anything.
May I understand your plans further 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)
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Hi it would range anywhere from 10-20 weeks from your decision to start marketing your unit to completion. HDB purchase would range from 11-16weeks from searching to completion date. If managed properly both timeline can be shortened.

Do contact me at +65 97970200  to discuss more and see if i can provide you the best solution.

Mark, your RIGHT choice
Shenton Realty Homes Read More
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Evening,

Based on today's market, it might take quite awhile before we can get a suitable buyer for your unit. However, when the buyer have being secured, we can work for an estimated timeline of 20 weeks to have your sales and purchase transaction completed. As for the agent fee, should I be representing you for both sales and purchase, we can work something out based on your requirement.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Hi,

Pls provide the property target and your property detail and will assist you accordingly.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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YT Tan (陈永达)
Good evening,

Let me assist you further on your queries.

Private sale usually will be completed within 3 months once price is agreed between buyers while HDB purchase will be completed within 4 months. Both these time frames do not take into consideration time to source for qualified buyers and suitable units respectively.

You will issue OTP upon receipt of 1% option fee then within 2 weeks, buyer should exercise with 4% exercise fee thereafter will kick start completion period of 10 to 12 weeks.

As for resale HDB purchase, you will receive OTP upon giving $1k to seller. Thereafter you need to settle your loan and valuation and decide whether to exercise within 21 days. Then you will book first appointment based on availability. Payment of legal fees, stamp duties etc usually on first appointment while balance payment is usually made at least 2 weeks before completion.

Hope my explanation helps!

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Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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Radhika Prakash
Dear Sir/Ma’am:

We will be glad to assist you. Kindly write to us on realproperty63@yahoo.com.sg or call us on 93380071  .

Kind Regards,
Radhika Prakash
Edmund Tie and Company
 93380071  Read More
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