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Hi,
Once the buyer exercises his OTP, you can safely make a commitment too. However, in some cases, even after OTP is exercised, purchases do fall through. so, you have to weigh how reliable the buyer is.

In the meanwhile, you can start looking around and see where might be your next home. If you like something, you can also request for a longer OTP, if you really need.

I can assist you with your purchase. As a condo buyer, you do not pay me any fees as well. So, please feel free to contact me.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hi, appreciate your sharing. You can do a back to back purchase subject to risks whether you are okay with it.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes you are right to say so.

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

Hi Zhengyuan,

It is advisable to wait until the buyer has exercise the OTP before you purchase another unit. You do not need to wait until the completion of the deal, just need to plan the purchase after the exercise date.

Please contact me so that I can understand your situation and provide you with further assistance.

Regards,
Nick Tan
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Zhengyuan,

It is safer to wait until the OTP is exercised by the buyer of your condo before proceeding to purchase your next condo, in case any surprises from their side you will not be stuck with a situation where you can't complete the purchase. Also it will avoid the ABSD upfront outlay since by then you would have zero property count.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi Zhengyuan,

1) Yes. You can only commit to a purchase after the buyer exercises the OPT.
2) You only have 2 weeks at most to meet the lawyer after exercising your purchase's OTP.
3) This is when you need the exercised OTP for your current property. Otherwise, the IRAS will consider this purchase to be a 2nd private property you own.
4) The IRAS will need an exercised OTP in order not to charge you an ABSD for the purchase.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Mr Wong,

In order to avoid paying Additional Buyer's Stamp Duty, you can only exercise the Option To Purchase on your new place after your buyer has exercised the Option To Purchase for your place, such that your conveyancing lawyer can apply for ABSD to be waived in that case. Otherwise, you will need to pay the ABSD first, and apply for the funds to be refunded to you if you qualify for the remission.

Most of the time if I have received an offer with extended Option period, I will advise my seller to:

1) Have the buyer pay a premium over the prevailing market price since there is opportunity costs involved factoring in the potential that price may shift up 3 months later.

2) Pay a higher deposit amount of at least 3% or even 5% such that my seller do not lose any opportunities while waiting for the buyer to exercise the Option to Purchase.

If my seller still feel acceptable for the offer, at least I have done my part in helping to secure the interest for my seller. Otherwise, my seller may think that I am not looking after their interest and only looking to close the deal at all costs.

I have been in the real estate business since 2009, with more than 13 years 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 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's 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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi,

To avoid paying ABSD, you will need to exercise the OTP for your purchase after the Buyer has exercised the OTP for your condo sale.

If you wish to avoid the hassle of having to shift house more than once, you may wish to start searching for your new place. Should you manage to find one, you can commit to it, but within your terms. I will be able to assist you on this timeline management.

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

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi Mr Wong

Congratulations on selling your private property!
You can start exploring condo options that meet your requirements however do take note 2nd property ABSD (depend on your property count) will apply if you exercise the next property before your buyer exercise your current place

How many bedrooms are you looking to purchase?
I will be glad to assist, no agent fee from private property buyer
To check out other project: https://96608508.eraagent.sg/projects
I have current price list, promo of every projects in Singapore and will be glad to advise you

I won't be able to contact you first from PropertyGuru
Appreciate if you can contact me at (65) 9 6 6 0 8 5 0 8
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More

IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

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Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

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From: ABLE Toh- Your Property ASSISTANT ：）

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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More