Dear Sir/Mdm,
It is a wise choice to upgrade to an EC as a study supported by past statistics have shown that most EC owners are able to enjoy the potential upside and sell the unit at a tidy profit in the future. I can email you the report.
There is NO ABSD for EC purchase but you will have to pay a resale levy of $50,000 when you purchase an EC as it is considered a subsidized housing.
As to whether to sell the HDB first or purchase the EC first and sell the HDB subsequently upon the EC completion depends on your finances and whether do you have an interim place to stay. Ideally, if its within your financial means, you should purchase the EC first and sell your HDB to minimize the disruption and have a smooth upgrading process.
The waiting time depends on the construction phase of the EC. There are a lot of EC options available in the market currently, some of them will be completing in the next 1-2 years. It is important to choose a project which can allow you to maximize the returns in the future.
I have assisted many of my client to upgrade from a HDB to an EC. Please feel free to contact me so that I can examine your finances and recommend you the best option to proceed further!
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com
Testimonial from Satisfied Clients (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)
“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)
“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 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)
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