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Good morning,

There will not be a resale levy if you are buying resale flat from open market, as this is not considered a 2nd subsidized flat (eg. New BTO, new EC).

It typically takes around 3 months from buyer's 1st deposit to completion appointment at HDB Hub, where the sellers are able to collect the sales proceeds in a cheque issued to their joint names.

Have worked on similar cases and will be happy to share more about the resale process. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

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--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked. Thanks Ivan! :)

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Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.

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-- HDB upgraders to New EC owners Mr. & Mrs. Goh --

My unit was marketed by another agent back in Q3 2017 and after more than 3 months, there wasn’t any offer. I almost lost hope and thankfully I made the right decision to switch to Ivan. Through his hard work, perseverance & commitment, my unit was sold by Q1 this year. Would definitely recommend Ivan’s services to any potential sellers out there. Read More

Hi, you need not pay any levy in this case as you are purchasing a resale flat for your next housing. And upon the sale of your current flat, you will be collecting the sales proceeds about 3 months time and that’s what we call the completion date.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear sir/madam,

A resale flat purchased in the open market without any grant will not incur any resale levy. The sales proceeds will be handed to you via a cashier's order on completion day, where CPF funds will be credited back into your account in a matter of days (not more than 10 working days usually).

In a typical resale transaction, completion takes place about 10 weeks after resale application where all necessary documents for the transaction are submitted. Resale application takes place after buyer has exercised their Option to Purchase, which is usually 3 weeks after accepting the offer.

For a more specific timeline, please get in touch with us in private.

I have been in the real estate business since 2009, with more than 10years 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 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ 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.

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Good day sir / madam .

Your proposal is ok and no levy or financial penalties .

You will receive your cash immediately upon sales completion or in other words , legal paperwork completion.

I am NOT able to contact you directly as i do NOT have your contact.

Kindly contact me Joanne Chia at my handphone +65 8333 3327  for a no obligations chat for your property needs.

Commission rates are negotiable , market rate is about 2% plus minus .

My rates are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents ) .

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Handphone +65 8333 3327  Read More

Dear Sir/Mdm,

There is no resale levy that is payable since you are buying a resale flat in the open market. Resale levy is only applicable when you buy a new BTO or new EC.

The resale process takes about 3 months to complete from the day you secured a buyer. You will receive your sales proceeds on completion day but the CPF takes about 5 to 7 working days to be back into your OA account.

There are 2 important issues to take note when you sell and buy. The timeline is important and it should be planned in such a way that you can transit smoothly from your current place to the new flat without the need to rent a place to stay in between. The cash flow will also need to time it in such a way you can use the sales proeeed for the sale to finance your new flat, minimising cash outlay.

I have assisted many clients to transit successfully before. Please feel free to contact me so that I can understand your situation better and draw up a transition plan for you!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“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 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

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Hi,

No resale levy is payable if you purchase a resale HDB flat. You will only pay resale levy if you get a second "subsidized housing".

As for Cash proceeds, you will get a Cashier order on the Completion Date of the Sale. Your CPF refunds will be back in your CPF-OA in around 2 weeks.

I am experienced and well-versed in HDB resale transactions. I will be able to assist you. Please get in touch with me for a more in-depth discussion on your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More