AskGuru Q&A Community

Afternoon Jefri,

Have you fulfilled your MOP of 5 years or should I ask: When did you applied to rent out your whole unit?

If you have fulfilled your MOP, you are eligible to sell your 5 room flat and downgrade. Bank loan would be good for you but it would be good to contact local banker to work the details for you.

Being overseas, will there be any chance that you are coming back to settle the paperwork? Will you be assigning power of attorney and have some of the essential documents signed under Notary Public?

Do feel free to contact me if you require further assistance.

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

Hi Jefri, I am a resident D19 agent. Pls contact me so I can advise you better on your eligibility to sell and your financial planning for your second unit.

Thanks,
Wee-Ling
 9851-5470 
weeling.chew@gmail.com
SLP Realty Read More

Hi Jefri,

The terms and condition would be that you must have fulfilled the MOP for your Anchorvale unit before the sale. I am sure that you would like to be physically around for viewing of your prospective purchase. It would be great if we can fix up an appointment when you are back such that I am able to go through with you the necessary procedures as well as provide you with insight of what can be expected after knowing more in details about your requirements.

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

Good day Jefri,

You will need to fulfil the Minimum Occupation Period of 5 years.

If so, it would be great if you liase with a banker with regards to financing. I can provide the contacts for your preferred banks.

That will determine your next course of action(buy->sell, sell->buy)

I do anticipate a POA if you tied up overseas. If not, we can work on the comparative market analysis, valuation report and enhanced resale checklist concurrently while you make your way back.

I am contactable via whatsapp at 9858 6078  for instant assistance.

Victor Ho
ERA Realty Network Pte Ltd
 9858 6078  Read More