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Evening,

The pricing for 3 bedroom for in Northoaks and Woodsvale ranges from $850k to $1.49 mil, depending on size, facing and level. Assuming you are getting a unit at $900k, 20% would be $180k.

If you do not sell your current unit which is still under mortgage, you can only get 60% loan. This would then result in requirement of $360k. Therefore, it would be prudent to work out on your financial before deciding on what's the best method for you to move on with. Upgrading of property is a good move but don't fail to plan.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More

Dear sir,

Having sold a 3 bedroom unit in Woodsvale earlier this year to a family similar to your situation, the main consideration if ou definitely require a bridging loan will be to have sold your HDB with the buyers having exercised their OTP to qualify. This was what my buyers for The Woodsvale unit did back then. Nevertheless, I'd like to caution that this arrangement is not by default therefore will be subjected for eligibility assessment by the financial institution of choice.

With an excellent track record in North, I believe I am able to assist you in the sale and purchase transaction. Let meknow how I may get in touch with you and share more finer details about handling such transactions smoothly, on top of sharing some information on what you may do to try achieve better valuation which I normally share with my exclusive HDB clients.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Hi Sir,

Firstly, you need consider whether if you have any alternative place to stay during the transition.

If you have a place to stay temporarily, say for 3 months. I suggest that you sell your HDB first and then buy the condo. In this way you can loan up to 80% and save on the interest for bridging loan.

If you don’t have any temporarily place to stay, I thought taking bridging loan will be a better option. In this way, you will still be able to get 80% loan but you may have to pay some interest for the bridging loan. Generally, the completion time for HDB is longer than private condo, therefore, if we time the transaction properly, you should be able to move into the condo in time before completion of your HDB.

Hope that I had answered your question.

I will be glad if you could give me an opportunity if you need a salesperson to assist you.

Thanks and Regards
Johnny Goh
R018297H
Senior Group Director
DWG Ace Division
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygoh.dw@gmail.com
Website: johnnygohproperty.com Read More

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Hi, hopefully you managed to sell your unit at a good price then. 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.

Landon Chew
97 39 60 40
landonchew@email.com Read More