AskGuru Q&A Community

Hi,

Its typically around 3 to 4 months from OTP to key collection, but it depends on the circumstances of the sellers plans as well. Do note that both SPR need to have hold SPR status for at least 3 years before they can resale hdb as a married couple.

I have assisted a SPR couple on their purchase, thanks and hope to assist with yours as well.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi buyer,

3,4 months should be a safe estimate, as long as the sellers are not looking at a delayed submission or extension after completion.

You can start shopping around, and commit to a unit of you've both obtained your PR status for at least 3 years.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Afternoon,

Upon submitting the resale application to HDB, completion will be around 3.5 to 4 months later.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Sir,

If you exercise the option today, your first appointment date will be early May and completion will be early July. A typically transaction will take about 3.5 months to 4 months to complete from the day you do the HDB submission.

I have assisted and guided SPR clients in their HDB transaction. Please feel free to contact me for more assistance.

Thank you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“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 the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“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 from Property Avenue 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) Read More

Good evening buyers,

A typical resale HDB purchase will take about 3 to 4 months to complete (2nd appointment). First appointment is based on availability while you can request for shortest completion period which is 6 weeks.

By the way something to take note that both of you must fulfill SPR status for at least 3 years before you are eligible to purchase resale HDB.

As for financing portion, if you are able to obtain max 80% bank loan, your initial outlay will be as such:

1) 5% cash downpayment (inclusive of $5k option fee)
2) 15% CPF OA funds or cash downpayment
3) estimated 3% buyer's stamp duty (CPF OA funds)
4) 5% ABSD as SPR (CPF OA funds)
5) $80 resale application (cash)
6) $200 valuation (cash)
7) $2k private legal fee (CPF OA funds or cash)
8) agent commission: 1% of purchase price plus 7% GST (cash)

Hope my sharing is beneficial to your property purchase.

I assisted quite a number of SPR buyers before and wish you can benefit from me like them as well.

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 Read More